Turkish fuel and oil products retailer Petrol Ofisi AS (PTOFS.IS) said Wednesday it has begun court proceedings over a 42.8 million Turkish lira ($28.5 million) fine imposed last December after an audit of its 2003 accounts, the Ihlas News Agency, or IHA, reported.
Petrol Ofisi said last December that the Finance Ministry has fined it TRY42.8 million over tax payments in 2003.
At 1325 GMT, Petrol Ofisi shares were trading on the Istanbul Stock Exchange 0.88% lower at TRY5.65, amid a 0.05% higher overall market.
Petrol Ofisi is controlled by Turkish conglomerate Dogan Holding (DOHOL2.IS) and Austrian energy firm OMV AG (OMV.VI).