Kartonpack operating with frozen assets
Thursday, July 7, 2005, 16:39
Despite a court decision last month which ordered the freezing of the assets of packaging company Kartonpack Rt in connection with the investigation into the K&H Equities Rt brokerage scandal, the company's daily operation has not been affected negatively, managing director Gábor Tóth said to business daily Napi Gazdaság. Early June the Pest Central District Court ruled to block Kartonpack and Britton C&C from accessing their bank accounts and assets until criminal investigation in the Kulcsár embezzlement case is concluded. The court said there was sufficient evidence to suggest that Kartonpack and Britton were related to the case. Kartonpack then appealed against the decision, while yesterday it held an EGM to authorize management to lease the company's assets.