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American film producer Harvey Weinstein is charged with rape and assaults and has, in association with the board of directors of his film company that has been declared bankrupt, drafted an initial agreement on paying $25,000,000 to the women affected by his actions, reports The New York Times, stating that, based on the terms of the agreement, Weinstein isn’t required to acknowledge his guilt or pay compensation with his own funds, reports TASS.

Citing lawyers who participated in drafting the agreement, the newspaper stated that it was approved by all the parties registered “through an initial procedure”. Within the scope of the agreement, the insurance companies representing Weinstein Company’s interests have to pay compensation. Since the company has declared bankruptcy, the women accusing Weinstein of assaults need to submit their claims along with creditors, the total amount of which comprises $47,000,000.

In October 2017, The New York Times published an article accusing Weinstein of several sexual assaults. According to the newspaper, for 30 years, the producer had seduced young actresses and his company’s female employees with the promise to contribute to their career growth. Eighty women filed charges against Weinstein. The producer doesn’t accept the charge and has been released on bail for $1,000,000 until the trial scheduled to take place in early January.

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