AMTD Group Files Lawsuit Against Inna Bazhenova and Gleb Ibragimov for 773,000 HKD in Damages
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 10h ago
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Source: PRnewswire
- Lawsuit Initiation: AMTD Group has filed a lawsuit against Inna Bazhenova and Gleb Ibragimov for malicious false statements and breach of trust, resulting in a loss of 773,000 HKD, demonstrating the company's firm commitment to protecting its interests.
- Court Ruling Outcome: The Hong Kong Supreme Court dismissed the defendants' asset preservation application in June 2025 and ordered them to pay 773,000 HKD in legal costs, indicating strong judicial support for AMTD Group's position and enhancing its legal standing.
- Transaction Background Disclosure: AMTD Group acquired The Art Newspaper in 2023, with the deal involving cash and restricted stock; despite the transaction being completed, the defendants made improper claims, reflecting the complexities of post-transaction management.
- Corporate Strategic Statement: AMTD Group reiterated its commitment to pursue all necessary legal actions to hold malicious actors accountable, aiming to uphold its reputation and protect investor interests, showcasing its proactive strategy in legal matters.
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About AMTD
AMTD IDEA Group, formerly AMTD International Inc, is an investment holding company principally engaged in the strategic investments. The Company operates its business through three segments. The Strategic Investment segment engages in proprietary investments and the management of investment portfolios mainly focusing on financial services and asset classes. The Investment Banking segment is involved in raising funds through equity and debt financing, providing underwriting for initial public offerings (IPOs), private placements and debt issuances and providing financial advisory services. The Asset Management segment provides asset management products and services, including in relation to listed equities, fixed income securities, hedge funds, structured products, foreign exchange, private equities, alternative investments, discretionary account services, investment advisory services and external asset management services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
