August 2, 2016 - Kyiv court of appeal cancelled the decision of Pechersky district court in Kyiv about arresting the accounts of "Fozzy-Food" LLC. The company accounts are unlocked. The decision of Kyiv court of appeal is final and not subject to appeal.
<div>Fozzy Group says that a planned action is organized against the company with the aim of destabilizing and discrediting the company. In particular, VTB Bank uses unclean legal schemes in court, leading to the arbitrary arrest of "Fozzy-Food" accounts. With regard to the above facts the General Directorate of the Kiev City Police opened the criminal proceedings against the representatives of "VTB Bank" by reason of a criminal offense under Part 1 of Art. 365-2 of the Criminal code of Ukraine. </div>
<div>Fozzy Group is one of the largest trade industrial groups in Ukraine, which is investing in the development of trade in the country during last 20 years. The turnover of the group is 46.5 billion (based on the results of fiscal 2015). Despite the actions of Russian "VTB Bank", "Fozzy-Food" does not stop the negotiation process. However, the company has the necessary resources and legal basis to prove its innocence in the courts.</div>