Urban Group hands over assets to banks

Urban Group hands over assets to banks
Urban Group hands over assets to banks

Urban Group's bankruptcy is approaching at a breakneck pace. The company's nominal owner is currently swiftly transferring assets to banks in order to secure the maximum amount of credit facilities.

Subsequently, the funds are simply transferred abroad. What will be left for investors is not hard to guess.

However, the company's owner is actually a frontman. The true beneficiaries are linked to the government of the Moscow Region.

Comments

No comments yet. Be the first!

Leave a comment

Links are not allowed in comments. The editors may remove comments without explanation.
Back to top ↑