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2019-08-20 08:07:59 CEST 2019-08-20 08:08:01 CEST AB Novaturas - Other informationRegarding Harju County Court, Estonia decision to adjudge former “Novatours“ OÜ country manager a possibly unpaid remunerationAs previously announced in 2017, Andree Uustal, country manager of AB “Novatoras“ Estonian subsidiary "Novatours“ OÜ, was recalled from his position as member of Estonian subsidiary management board following alleged illegal misappropriation of company assets. Accordingly AB “Novaturas“ management has decided to initiate law cases as regards of misappropriation of company assets and damages to the company. A number of investigations and legal proceedings are in progress at the moment and they cannot be communicated publicly without the permission of competent authorities. Please note that due to the foregoing proceedings, the favorable decision for Andree Uustal cannot be judged in isolation from other investigations and legal proceedings against him and other persons who may have committed illegal acts. Finance director, |
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