The owners of a fitness club in Kyiv lost control of their firm when another one, with political connections, walked in and took over. It is one of many examples of corruption that is undoing Kyiv’s move westward.The trouble started at the end of 2016, when the Ryabchenko family – which owns the Sofiyskiy Fitness Center – was told by a company unknown to them called BF Group that they were in default on a $15-million (13.8-million euro) loan.
Property rights to the club – which the BF group said were collateral on the loan – were then seized and the …read more
Source: Daily News Egypt
