Algirdas Blazgys, Director of Energesman, has alleged a systematic pattern of actions suggesting undue financial pressure exerted on the company. According to Blazgys, the sequence of events has been consistent and purposeful. He stated that following the arrival of the new CEO at VAATC, payments under all valid contracts were reportedly halted, factoring services were disallowed, and borrowing funds became unavailable.
Blazgys detailed that when Energesman experienced a working capital shortage, the company was approached with an offer to purchase shares. He noted that this offer was received on July 8th via a third party through a messaging application. After refusing the share purchase offer, the company allegedly proceeded to announce the termination of all existing contracts with Energesman.
These allegations have drawn criticism from other industry figures. I. Budraitė, who has previously highlighted management flaws related to a waste crisis, criticized V.
Benkunskas, suggesting the circumstances described are unfair. The statements collectively paint a picture of escalating difficulties for Energesman, moving from restricted operational access to allegations of contract termination following financial duress.
Topics: #all #financial #pressure
