PPF blames "Basic Element"
The corporate war between the shareholders of the Russian insurance company Ingosstrakh is flaring up with renewed vigor . Yesterday, the owner of 38.5% of the insurer's shares, PPF Investments, announced that it rejects the accusations made in the media by the majority shareholder of Ingosstrakh, the Basic Element holding. Allegedly, PPF Investments illegally acquired shares of an insurance company owned by the companies Investment Initiative, Vega and New Capital.