Moscow Arbitration Court has registered five cases of ATTA Mortgage from Turanalem Finance on recovery of 4.1 billion rubles

/IRBIS, June 8, 2010/ - June 4, 2010 the Moscow Arbitration Court has registered five cases from Turanalem Finans, which is the Russian "daughter" of Kazakhstan's BTA Bank, to the ATTA Mortgage company totaling 4,112 billion rubles. Such information is placed in the official file cabinet of the Arbitration Court of Moscow. Dates of consideration of disputes has not yet been appointed, the essence of the claim is unknown. At the same time registered in the files lawsuit "ATTA Mortgage" to "BTA Finance - the invalidation of contracts between the parties. The Arbitration Court of Moscow is considering a lawsuit Ltd. Goldman Sachs to recover from BTA Bank and TuranAlem Finance 3,178 billion rubles. The lawsuit is related to defaults on the bond issue. Goldman Sachs is the holder of bonds of BTA Bank. The company purchased them in 2005. Maturity day of securities in 2009. In connection with the defaults, Goldman Sachs seeks to recover the amount of value and interest. The second defendant to sponsor a bond issue. Turanalem Finance "- 100 per cent subsidiary of the Russian" BTA Bank ". It was founded in 2004 in Moscow to raise funds for the bank through the issuance of ruble bonds and bills. BTA Bank - Bank of Kazakhstan, which is the second largest assets in the banking system of Kazakhstan in November 2009. 75% of shares belong to National Welfare Fund SamrukKazyna. The Bank operates in the area of corporate and retail banking, trade finance, stock market, lease, mortgage, and retirement savings. The bank has 22 branches and 193 cash settlement department. ATTA Mortgage (formerly - BTA Mortgage) - Russia's largest non-bank refinanced the company, founded in 2005. Areas of activity - refinancing credit institutions and other organizations issuing credits and loans granted for the purchase or improvement of real property, including through the acquisition of mortgages, sale and securitization of mortgage loans in order to attract financial resources for refinancing loans, mortgage servicing assets. [2010-06-08]