AMTD Group Takes Legal Action
In recent developments, AMTD Group Inc. has pursued legal actions against Inna Bazhenova and Gleb Ibragimov, citing various grievances including intimidation and malicious falsehoods. This initiative follows their acquisition of The Art Newspaper, once under Bazhenova's purview.
The Acquisition of The Art Newspaper
A significant moment for AMTD Group occurred when it acquired The Art Newspaper. This acquisition involved a combination of cash and shares from AMTD Group's portfolio, which had specific restrictions known as Lock Up Shares. These shares came under the ownership of Bazhenova and her business associate Ibragimov.
Legal Disputes Arise
Despite the clear legal ownership, legal action commenced on December 27, 2024, when Bazhenova and Ibragimov made claims concerning the shares. They sought an asset preservation order, a request that the High Court in Hong Kong dismissed on June 20, 2025. Following the dismissal, costs amounting to HK$773,000 were imposed on them.
By November 21, 2025, their entire case had been thrown out, accompanied by another costs order against them. This set the stage for further legal complexities, especially when Ibragimov reached out to AMTD Group indicating a willingness to breach confidentiality.
AMTD's Response and Legal Strategy
Following these events, AMTD Group reported the situation to law enforcement, highlighting the significant losses and damages they had suffered due to the actions of Bazhenova and Ibragimov. With this context, AMTD Group, upon the advice of their legal representatives, has pressed charges against the two individuals, aiming to uphold their rights and recover losses.
Commitment to Integrity and Justice
Throughout this ordeal, AMTD Group has maintained a strong commitment to ensuring justice prevails. Their dedication to addressing malicious actions against the company will drive them in seeking appropriate remedies.
About AMTD Group
AMTD Group is a prominent conglomerate that specializes in media and entertainment, education, and premium asset management. Their expansive portfolio positions them effectively across various sectors.
About AMTD IDEA Group
AMTD IDEA Group, listed on NYSE under the ticker AMTD and SGX as HKB, serves as a diversified institution bridging companies with investors globally. Their digital solutions offer comprehensive services to meet diverse business needs throughout various stages of development.
About AMTD Digital Inc.
AMTD Digital Inc. specializes in digital solutions, connecting industries with modern marketing and hospitality services while being listed on NYSE as HKD. Their focus on innovation ensures they remain at the forefront of the digital revolution.
About The Generation Essentials Group
Founded through collaboration, The Generation Essentials Group (TGE), which trades on NYSE as TGE, delves into multi-media strategies and cultural affairs worldwide, expanding its reach through entertainment projects and premium assets.
Frequently Asked Questions
What initiated the legal action by AMTD Group?
The legal action was initiated due to allegations of intimidation and malicious behaviour by Inna Bazhenova and Gleb Ibragimov following AMTD Group’s acquisition of The Art Newspaper.
What were the main issues raised by Bazhenova and Ibragimov?
They sought claims regarding asset preservation for shares linked to the newspaper acquisition, despite legal ownership being confirmed in their names.
What was the outcome of their legal claims?
The Hong Kong High Court dismissed their claims, resulting in cost sanctions against them due to the legal frivolity.
How is AMTD Group responding to the situation?
AMTD Group is pursuing legal recourse to safeguard its rights and mitigate losses incurred from the actions of Bazhenova and Ibragimov.
What does AMTD Group focus on as a company?
AMTD Group operates across diverse sectors including media, education, and premium assets, ensuring a broad reach within those industries.
