[ad_1]
The CEO of the year, who earned around 80 thousand litas a month, is today forced to put out the debt fires. A.Šikšta admits that they have accumulated, the payments are late, but stated that they are working on that.
Bravely lend to a well-known businessman
When A.Šikšta is well known in the business community in 2018. In the summer of 2006, he visited the Veikos company on the outskirts of Vilnius, where he was already waiting. The entrepreneur partnered with dating some of this company. At that time, A. Šikšta had founded the consulting company Financial Management Group, and had turned to Veikas, which produces wallpaper paint, and had taken it: loans.
Photo by Veika / Veika Company
The successful medium-sized company had free working capital and A.Šikšta’s reputation was beyond question: after all, he was the former director of Teo LT, as well as the then Hansabankas, who ran the International Business School of Vilnius University. In 2011, Verslo Žinios elected him CEO of the year. And currently he is the president of the Lithuanian Defense and Security Industry Association.
So Veika boldly lent him 750 thousand euros. The contract lasted for half a year and A.Šikšta also promised to pay interest.
When the settlement date arrived, the well-known businessman delayed the payment of the debt until, finally, communication with him was completely cut off, at least according to company representatives.
Both Estonians and Lithuanians are waiting
Only last year, Veika’s managers took an interest in A.Šikšta’s debts and it became clear that there were not one or two of those creditors. Finally, bailiffs were used.
“Today he corresponds to the image of a typical borrower: his head is hidden in the sand like an ostrich. At least he could save his reputation.” 15 minutes said Sheriff Irmantas Gaidelis, who is defending the interests of Veikos and another creditor.
Estonians expect similar amounts. The country’s investment firm Viridis Invest is still seeking to recover more than 800 thousand euros from A.Šikšta.
Sheriffs made 100 percent arrests in July of last year. A. Šikštai owned shares in the accounting firm Financial Management Group and tried to sell them at auctions, but without success, no one bought them.
“We have certain commercial contracts, the deals were delayed and legally we just met the closing deadline. We still have a long time, the settlements are underway and will be closed,” A. Šikšta told BNS. But the debt remained the same.
Surprised not to communicate
The bailiffs are surprised that a well-known businessman in society, the manager is not willing to cooperate with them.
Bailiff Asta Stanišauskaitė defending the interests of creditors 15 minutes said A. Šikšta was unwilling to cooperate. “A good reputation does not help to recover the debt, it requires mutual efforts,” he hinted.
The bailiff did not hide: it is unlikely that A. Šikšta began to pay the debts, he did not agree to pay in installments or to sell personal property. “We have come up with different options, but our efforts alone are not enough,” he said.
It is true that A.Šikšta has been trying to sell his luxury house in Trakai overlooking the castle since 2017. It is possible that he will cover part of his debts for the amount received.
aruodas.lt photo / House for sale in Trakai
15 minutes has written about it. The 421-square-meter house is truly exceptional, but extraordinary and its price – 1.7 million. euros.
After selling it, could the bailiffs cover part of the loans? They doubted. “If the price were lower, someone could buy it, but I think A. Šikšta doesn’t intentionally lower the price. In my opinion, he could sell this house if he wanted to,” said Sheriff I. Gaidelis.
aruodas.lt photo / House for sale in Trakai
It is true that selling it would not be so simple: the property is seized by debts. “But if I could find a buyer, I think the arrest would be lifted,” the sheriff said.
Bankruptcy proceedings failed
A. Šikšta’s list of creditors is not short. According to unofficial knowledge, at least some finance companies are trying to recover debts, and the total amount of debts can reach several million euros. However, the bailiffs doubt that at least part will be recovered.
Creditors try to recover debts through the courts. For example, Veika applied to the court for the bankruptcy of A. Šikšta’s company. However, the court refused to declare the Financial Management Group bankrupt.
Representatives of the latter assured the court that the liability amounts to 1.5 million. The book value of the assets is 2 million euros. EUR. “Therefore, there is no reason to claim that the defendant is insolvent,” declared the Vilnius Regional Court in 2020. 2 January The Court of Appeal later found the same.
Entrepreneurs are surprised: A.Šikšta does not pay debts or decide to file for bankruptcy.
It is true that it has been claimed that the director and shareholder A. Šikšta refuses to provide information to the bailiff carrying out the recovery.
He became a shareholder in an insurance company in Ukraine.
Today, the Financial Management Group is largely inoperable, as is its website. It is true that Šikšta’s debtors say they know that his consulting business operates in other countries, but the bailiffs do not reach out to other jurisdictions.
Former director of large companies investing in Ukraine. In March last year, the Ukrainian business newspaper Delo published an interview with A. Šikšta about his investments in the Guardian (formerly Ukrfinpolis) non-life insurance company.
Arūnas Šikšta has invested in Ukraine
“My assets allow me to become the sole shareholder of many companies. It depends on my desire and my financial possibilities,” said A. Šikšta in an interview.
A.Šikšta: “The process continues”
A.Šikšta himself does not deny the debts, but assures that he is “working on it”. According to him, this is now being done by lawyers. “There is a legal debate on the amounts” 15 minutes he said.
A.Šikšta emphasized that creditors have guarantees, and the whole process depends not only on creditors. “There are other circumstances,” he stressed.
The businessman admitted that payments are late, but at the same time interest increases. Therefore, it is said that creditors will continue to win.
And how did these debts arise? A. Šikšta said he did not have to tell the details of private business, but mentioned the economic turmoil.
[ad_2]
