The board of Greece’s cigarette manufacturer SEKAP on Thursday announced a “stop payment” decision in case the company’s smooth operation is not restored, days after a northern Greece appeals court left intact a fine of more than 38 million euros imposed in far-off 2009 for customs violations.
The troubled company, managed by Greek-Russian businessman Ivan Savvidis, also announced the hiring of a bankruptcy attorney.
An important court date comes on Friday, when the company’s attorneys will request a temporary stay of administrative measures aimed to collect the fine.
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Source: naftemporiki.gr
