Russian group chasing IBRC for €4.3m debt

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Mike Aynsley CEO of IBRC from 2009 to 2013
Mike Aynsley CEO of IBRC from 2009 to 2013

A Russian-owned Kremlin Group pursued a claim for US$5m (€4.3m) that Quinn Investments Sweden owed from a 2007 hotel deal in Ufa.

The company sold exclusive lease rights for the planned hotel development during the boom. Liquidators at IBRC rejected the revived claim. Kremlin Group indicated it would request Russian government intervention.

The claim resurfaced as authorities prepared to wind up IBRC after the sale of remaining Quinn assets in Russia.

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