Entrepreneurs can not sue Russian-Kyrgyz Development Fund

Entrepreneurs can not sue the Russian-Kyrgyz Development Fund (RKDF) in case of dissatisfaction with its work. Lawyer Kairat Zagibayev said this today at a press conference in 24.kg news agency.

According to him, when the RKDF issued a loan to Breed LLC, it set too harsh conditions for the company. It did not take into account the complexity of the breeding chicks procedure, because it is impossible to buy equipment, install it and make a profit in a year.

«When now the ex-director of LLC Vladimir Hegai could not pay the first tranche, they did not think of anything else but of deceiving him and taking his business away from him. They invited him, offered to give production to the account of assignment of debt and promised that they would return it in installments and would give him some money for development. And when he came to return the enterprise, he was told that they could not do this," Kairat Zagibayev told.

The creditors of Breed LLC and the former owner appealed to the court with a demand to recognize the transaction on assignment of the enterprise illegal, as the legitimate rights of the owners were violated. Lawyers consider the deal as fraudulent.

The court found out that the Russian-Kyrgyz Development Fund has legal immunity from all prosecutions.

Kairat Zagibayev

«When they signed an agreement with Vladimir Hegai, they had to say that he would not be able to sue them. They deceived the man," Kairat Zagibayev believes.

Recall, the former owner of Breed LLC Vladimir Hegai believes that the Russian-Kyrgyz Development Fund brought his company to bankruptcy. Moreover, the poultry farm worked quite successfully before the intervention of the RKDF.

However, the Development Fund believes that the accusations of the borrowers are unfounded. Deputy Chairman of the RKDF Erkin Asrandiyev said that the former owners of the poultry farm hid from them the true size of their debt.