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1998

ESTONIAN LEFTIST PARTY FACES BANKRUPTCY

 ümarlauakohtumine
 

The Estonian Social Democratic Labor Party (ESDTP) may be declared
bankrupt unless it pays the state some 8 million kroons ($533,000), ETA reported. That debt was accumulated as a result of a dispute between the ESDTP and the government over a building occupied by the party that was declared state property, along with all other assets of the former Communist Party. The ESDTP continued to occupy the building and to pocket the income from leased office space. At a preliminary court session on 2 September, it was recommended that the party be declared insolvent.
Tiit Toomsalu, the chairman of the ESDTP, says the case is politically motivated and aimed at the liquidation of the country's only left-wing party.

Sept 1998

 

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