KLAIPEDOS NAFTA Aktie

 

On February 20, 2025, the Supreme Court of Lithuania, after reviewing a criminal case concerning the damage caused to AB KN Energies, formerly AB Klaipėdos Nafta (hereinafter referred to as the Company) in the years 2008-2010 in the total amount of EUR 7,834,044.85, has determined that the convictions of individuals Arturas Urbutis, Antanas Urbutis, Svetlana Popova, Andrejus Vaičiulis, the former Chief Executive Officer of AB Klaipėdos nafta Jurgis Aušra, former Commercial Director of the Company Ričardas Milvydas, UAB "Naftos grupė" by the lower court rulings were justified....

On 3 July 2024 Lithuanian Court of Appeal (hereinafter – Court) has examined the criminal case concerning Arturas Urbutis, Antanas Urbutis, Svetlana Popova, Andrejus Vaičiulis, former general manager of AB Klaipėdos nafta (hereinafter - the “Company”, present AB KN Energies) Jurgis Aušra, former director of commerce of the Company Ričardas Milvydas and UAB Naftos grupė accused of illegal activities in which the Company has filed the claim for damages for the total amount of 20 883 558,16 EUR (twenty million, eight hundred eighty-three thousand, five hundred fifty-eight EUR and 16 cents) caused by the illegal activities of the accused....