Their companions Şemsi Erkman filed a lawsuit in opposition to Melih Sipahioğlu and Güngör Sipahioğlu, the house owners of Tamek Holding, which produces, distributes and markets merchandise reminiscent of Pepsi, Yedigün, Seven-Up and Tamek in TRNC. One other addressee of the 95 million greenback lawsuit is PepsiCo, which is headquartered within the USA.
One of many greatest beverage firms of TRNC filed a lawsuit in opposition to the world-famous beverage firm Pepsi.
Merchandise reminiscent of Pepsi, Yedigün, Seven-Up, Tamek all through the island; Melih Sipahioğlu and Güngör Sipahioğlu, house owners of Tamek Holding, which carries out the manufacturing, distribution and advertising of Erkman Kıbrıs LTD. A lawsuit was filed by Şemsi Erkman, a businessman with whom he has partnerships because of his firm. One occasion to the case is PepsiCo Inc., whose headquarters is in america of America (USA).
THEY ESTABLISHED A SHOW COMPANY Businessman Şemsi Erkman and his household, who personal 25 % of the bottling firm Erkman Kıbrıs LTD, which was established in Northern Cyprus in 1981; He claimed that the Sipahioğlu couple, with whom he had been doing enterprise for a few years, established an abroad entrance firm known as Infima and issued faux invoices by way of this firm.
95 MILLION DOLLAR CASE Claiming that PepsiCo Inc. aided and abetted this false invoicing, the Erkman household demanded compensation of 95 million {dollars} within the lawsuit filed within the New York Supreme Courtroom, since Pepsi is headquartered within the USA.
Of their criticism, the Erkman household stated; He alleged that Pepsi, by way of bottler Erkman's firm Infima, siphoned $80 million from his firm by inflating it by as a lot as 50 % for the good thing about Erkman's majority shareholders, and withheld $15 million in annual dividends from minority house owners.
To Melih and Güngör Sipahioğlu; In 2002, her daughters Sema Kızıl, Selda Gocay and Nilgün Delikan filed a lawsuit in opposition to Pepsi for the sale of Fruko.
