New NTV General Director Dissatisfied With The Financial Accounts Left For Him

Boris Jordan, the new general director of the Russian NTV TV company, has found accounts of the use of only a third of the loan taken over the five past years of the work of the TV channel. Boris Jordan said this in an interview with the newspaper Financial Times. He stressed that he could trace down the fate of only 460 million dollars, which had been invested in the business. In his words, there is little chance of getting accounts on the remaining 750 million dollars. In Jordan's words, over the past nine months, debts have accumulated at NTV on wage payments, program production and other expenditures to the amount of 20 million dollars. Since the autumn of last year, rights for the production of new programs have not been bought and this is why by now NTV has just a few films, entertainment programs and other shows left, said Jordan. Apart from that, he criticized high overhead expenses at NTV, in particular, - the extension of loans to the amount of 6 million dollars to the staff of the TV company. In April this year, by the decision of a meeting of the shareholders of the NTV TV company, a new board was elected and Boris Jordan was appointed the company's general director. (kul/kaf) -0 08/05/01 14:27