Kilk looking at prohibition on business.
Postimees Digest, Thursday, September 19
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Businessman Rein Kilk may be looking at a prohibition on business should the Tartu County Court approve trustee in bankruptcy of Werol Plants Toomas Saarma's corresponding proposal. The company's creditors believe Kilk and his partners have engaged in embezzlement using a scheme where the assets of a company in debt are rented while the firm itself remains without assets. Chairman of the Werol bankruptcy committee Üllar Talviste said that Kilk has failed to surrender the firm's electronic books and that it makes it impossible to verify transactions. "Such behavior is out of the ordinary. If a person doesn't have anything to hide, there is no sense in keeping back the books," Talviste said. Kilk's Pere bakery and Werol Plants left behind debt in the volume of around 21 million euros each.