Sanction-hit Russian lender obtains court victory to claw bank loans to Turkish shipping giant registered in Malta while billionaire owner Mübariz Mansimov in jail over suspected Gulen links
Sberbank claim on Turkish shipping group Palmali to be heard in Malta
Malta court will hear Russian bank’s claims on Turkish shipping empire’s alleged fraudulent transfer of ships
3 April 2021, 11:36am
by Matthew Agius
Palmali owner Mubariz Mansimov is imprisoned in Turkey over suspected links to the Gulen coup in 2016
A Maltese judge has ruled that a case filed by Sberbank, a leading Russian bank registered in Moscow, against a number of Maltese shipping companies, can be decided in the Maltese jurisdiction.
The case involves an Istanbul-based shipping conglomerate based in Malta for the last 20 years, which is also the subject of a massive asset freeze after owner Mübariz Mansimov, an Azeri-Turkish billionaire, was imprisoned over links to a coup in Turkey.