25 July 2017
Our Community

FT: JKX reels from (another) Ukrainian police raid

UK-listed JKX Oil & Gas has been the subject of a surprise raid by Ukrainian police in Kyiv, with searches taking place at its Poltava Petroleum Company subsidiary yesterday for the third time in just over a year, according to the Financial Times (FT).

Photo from UNIAN
Photo from UNIAN

"As the scope of the investigation continues to broaden without any apparent reason, justification, outcome or conclusion, it is increasingly taking on the form of harassment rather than a legitimate investigation into PPC's business operations," the company says, the FT wrote.

JKX ready to settle Ukraine lawsuit – media reports"The Group strongly believes that these actions are unfounded. PPC continues to cooperate with the enquiry, and has been providing all materials requested in the search warrants in full and in a timely manner. JKX and PPC maintain that PPC is in full legal compliance with all relevant Ukrainian law and regulation," the report says.

If you notice a spelling error, please highlight it with your mouse and press Ctrl+Enter
Read also

Do you like the new site?
Leave your opinion