Russian Xiaomi reseller owes $8 million to Bank Otkritie
MOSCOW, April 9 (RAPSI) – The debt of Retentiva Distribution Company, a reseller of Xiaomi in Russia, to Bank Otkritie is estimated at about 700 million rubles ($9.5 million), according to the Moscow Commercial Court’s records.
The bank’s claim against the reseller is set for May 15.
Earlier, the court put on hold a bankruptcy petition filed by GPB Factoring company against Retentiva Distribution Company because of its inappropriate handling until April 21.
On November 26, the court granted a claim of Mobilidi and collected 201.7 million rubles of the principal amount outstanding under a loan agreement plus penalties from the reseller.
Retentiva Distribution Company is also an official distributor of Jinga smartphones, cell phones and original accessories in Russia and American smart watches Fossil.