This company and its director, Mr. Leopold Vozelj, were looking to receive collateral in form of bank instrument secured by our assets, in order to obtain line of credit as bridge financing for their projects. Mr. Vozelj signed contract on behalf of his company but at that time he knew very well that he does not have any arrangements made with his bank to provide him with the line of credit once he obtains such Bank Guarantee. He also knew that he does not have cash funds to pay for the bank fees to get the Bank Guarantee issued, as required by the Contract. Despite all this, he signed the Contract and we got our assets blocked on our account by our bank. This was clearly attempt to commit fraud on his side. Then he asked for extension of the Contract terms several times and never met his obligations as stipulated in the Contract clauses and its Addendums. He confirmed numerous times verbally and in wtitten that all arrangements with his bank have been made, that the bank accepted the instrument in form and delivery means as proposed and stipulated in the Contract, that his line of credit is ready and it only needs a few more days to proceed as required. He lied every time he asked for extension, he created all sort of stories about his bank and bank officer, he asked us for various confirmation to his bank and every time he failed to perform when the due date came in. Because of his incredible lies we had our assets blocked for more than two months and since he is in breach of the Contract, he is obligated to pay the penalty of 1% of the face value of the instrument, which represents the amount of 150,000 EUR. Although he is liable for the payment of the fee, he is avoiding to fulfill his obligations under this Contract. We just would like to warn this way any potential business partners of LEOPOLD VOZELJ s.P. Company and Mr. Leopold Vozelj as its director, to be aware of fraudulent activities of this entity and its director personally. At the best, this is serious liar and time waster.
0 comments