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Tuesday 25.07.2017 | Name days: Jēkabs, Žaklīna
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Authorities arrest 11 million of Trasta komercbanka’s suspicious funds

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RU30 criminal processes have been launched against the liquidated Trasta komerbanka. As part of the criminal processes, EUR 11 million of suspicious funds of the bank has been arrested, as reported by De Facto programme of LTV.

Clients of the liquidated bank have put forth requests for a return of deposits worth a total amount of EUR 250 million. The clientele of the bank is rather varied – Latvian residents and businesses, foreign citizens and companies registered in so-called tax paradise countries. However, not all of them are involved in criminal activities. Neither can it be said about the money that it is ‘clean’.

Ilmars Krums, the bank’s liquidator, says that nearly all of the bank’s clients that have submitted requests for return of deposits have been asked to provide information about the origin of the money they hope to recover. «If we notice that a client is not responding, isn’t providing documents – we report to the Control Service. We expect that there may be a considerable number of such reports in the near future,» – says Krums.

The Control Service, which is managed by the prosecutor’s office, analyses reports about suspicious financial transactions and informs law enforcement institutions of them. The liquidator mentions that there are a total of 30 criminal processes and EUR 11 million of the bank’s funds has been arrested.

No detailed information about the bank’s suspicious deposits is provided by the liquidator. It is only mentioned that the amount «ranges from 19 euros to millions on some accounts».

Two massive criminal processes on money laundering activities through Trasta komercbanka are currently being headed by State Police’s Economic Crimes Prevention Office.

These criminal cases were launched before the bank’s liquidation. Nevertheless, it is unlikely that they will be resolved soon. «Investigation continues. There are many international documents that have to be combined,» – says the deputy head of State Police’s Economic Crimes Prevention Office Ilze Sokolovska.

In order to pay back the money to the bank’s clients, there has to be clarity that the money they wish to return was not illegally acquired.

Ref: 102.109.109.8833


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