Oktyabrskiy District Court of the city of Bishkek ruled that Kumtor Gold Company is obliged to pay $25 million to clear off debt for insurance fees that the company failed to pay on time, Interfax news agency reported citing the High Court of Kyrgyzstan press service.
The court decision followed the claims of the State Tax Service, which accused Kumtor Gold Company of not paying insurance fees.
«The company is obliged to pay $24.8 million to pay off a debt plus an administrative fee of $124,000,» the court said.
The company can file an appeal within 30 days...