€700,000 Claim Lodged Against Gruzman for Unpaid Loan in Andorra Development
Dr. Ehud Berg vs. Motti Gruzman
On August 12, 2017, Doctor (his name has been removed at his request) extended a loan of 700,000 Euros to Pds Portal SLU, a company owned by Motti Gruzman based in Andorra. The loan, set for an 18-month term with a 12% interest rate, aimed to finance the renovation of the company's property. However, the loan remained unpaid, leading the lender to initiate legal proceedings in the Tel Aviv Court on October 10, 2019, seeking repayment of the principal amount plus accrued interest. Eventually, the matter was resolved through a compromise agreement reached between the parties involved.
