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Tuesday 23.01.2018 | Name days: Strauta, Grieta
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Arrests of accounts owned by Riga Castle builders remain in force

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUBank accounts of Riga Castle builders will remain under arrest, as decided by the prosecutor’s office after reviewing the complaint submitted by SBRE. Representatives of the construction company are puzzled by this decision but are nonetheless prepared to find ways to continue their work at Riga Castle and other projects.

This decision also creates losses for other companies tied to construction companies. It is possible that construction companies will request compensation of such losses in court, as reported by Panorāma programme of LTV.

News about the decision by State Police to arrest bank account came as a surprise on April 22nd. This arrest was imposed not just against SBRE bank accounts, but also bank assets of Skonto būve and Re&Re. The period of time that was given to the prosecutor’s office in order to respond to the complaint of constructors ended last Friday. An official reply was received at the beginning of this week.

‘We have received a response from authorities. The situation remains the same. I cannot understand this. Authorities have told us to turn to the court, which we have already done. We hope this matter will be fully reviewed at the end of May or the beginning of June,’ – says Skonto būve manager Guntis Ravis.

The prosecutor’s office does not comment this decision. Even though bank accounts remain frozen, completion of orders, paying of salaries to employees, subsidiaries and suppliers continue unhindered.

Construction companies are still prepared to fulfil their promise to Valsts nekustamajiem īpašumi and transfer money as compensation for the damage that was caused by the fire. ‘We’ve had a constructive talk with VNĪ representatives in the past couple of days. Our lawyers are currently working on making sure the agreement comes through. Regardless of whether or not authorities decide to unblock our bank accounts or not, we will complete our promise,’ – said Rāvis. He added that it is planned to sign the necessary documents this week. Money transfer, on the other hand, will ‘require more time’.

Construction companies hope the Riga Central District Court will cancel the account arrests at the end of May or the beginning of June. Whether or not construction companies will decide to turn to the court to compensate losses will depend on the progress of the investigation of the fire.

Ref: 102.109.109.4783


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