bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Tuesday 25.07.2017 | Name days: Jēkabs, Žaklīna
LatviaLatvia

Antonov sentenced to three years in prison in England

FaceBook
Twitter
Draugiem
print
(No Ratings Yet)

For his contempt of the court, former owner of Latvijas Kraijbanka Vladimir Antonov has been sentenced to 12 months in prison in England. Antonov is currently in Russia, as reported by De Facto programme.

Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RULatvijas Krajbanka’s insolvency administrator turned to the British court with a plea against Antonov, mentioning eight separate cases over the course of multiple years when the owner of the bank and its council member Antonov had caused losses for the bank.

It seems likely that information about the court satisfying the plea on 27 May is correct. The court decided that evidence for each separate case proves that Antonov had made the bank provide money to people associated with him. This money was also never paid off. With that, the court concluded that Antonov’s actions caused the bank losses worth EUR 60.5 million and USD 30.8 million. Antonov now has to compensate this amount.

Antonov refused to reveal any information regarding his assets and left the country in defiance of the court’s request. Antonov has been sentenced to 12 months in prison in Britain.

Two of the questionable transactions took place when Latvijas Krajbanka was still managed by then a Saeima deputy Martins Bondars. He claims Antonov had never taken part in the issue of loans. Bondars say he did not know that part of the bank’s money was disappearing in companies associated with Antonov. «No, we’ve never had such suspicions. Because if there had been such suspicions, no loans would have been issued – that would have been a blatant violation of regulations that govern capital sufficiency.»

Representative of KPMG, Latvijas Krajbanka’s insolvency administrator, sworn attorney Una Petrauska says enforcement of losses from Antonov has yet to begin. Antonov was given time to comply with the court’s ruling. It is worth keeping in mind that the bank is not Antonov’s only creditor.

Antonov’s lawyer Viesturs Zauls does not reveal if his client owns large amounts of money. He mentions that it was never Antonov’s goal to put the bank out of business. Most of the bank’s money was used to finance airBaltic.

Ref: 102.109.109.9523


Leave a reply

Vucans: there are plenty of proposals for tax reform laws

Around 350 proposals have been received by the Latvian parliament in relation to tax reform laws. Last week, the Saeima supported tax reform laws in the first reading. This week, on the other hand, it is planned to review them in the final reading.

Greece to return to financial markets after three-year pause

Greece, which has been suffering from severe and prolonged financial problems, is expected to return to international financial markets to borrow funds.

Duda to veto Polish judicial reforms

President of Poland Andrzej Duda has stated he would not announce the controversial reforms of the Polish Supreme Court and the National Council of the Judiciary passed in the Polish Sejm that have also sparked mass protests in the country.

Dairy product prices not expected to decline in Latvia soon

Prices of dairy products in Latvia will either remain on the current level or increase even more in the next couple of months. With that, there is no reason to expect price decline in the near future, predicts head of Agriculture Market Promotion Centre Inguna Gulbe.

Five insolvency administrators suspended due to criminal processes in Latvia

Five insolvency administrators have been suspended because of several criminal processes, said Director of Insolvency Administration Inese Steina in an interview to LNT 900 seconds.

Family doctors may change the form of strike if need be

Latvian Family Doctors Association could change the form of its strike of need be, as confirmed by the association’s representative Solvita Olsena.

Baltic animal rights organisations turn attention to fur farming ban in Czech Republic

Following the fur farming ban passed by the parliament of the Czech Republic, Latvian and Estonian animal rights organisations turn the attention of communities in Latvia and Estonia to the increasingly the ethical attitude of European countries to animal rights.

Toyota sales in Latvia up 25%

5,735 new Toyota cars were sold in Baltic States in the first six months of 2017, which is 33% more than last year. Toyota’s total market share in Baltics is 14.2%, BNN was informed by the company.

Number of accidents caused by tractors and size of claims on a rise

Over the course of the past several years, the number of traffic accidents caused by specialized agricultural vehicles and the size of insurance claims has grown in Latvia, as reported by Motor Insurers' Bureau of Latvia.

Businessmen offer to help fund railway works in Estonia rejected by minister

Entrepreneurs in Lääne County, Estonia, have offered the state to help with funding the reconstruction of a railway section, by attracting private money, but the offer has been rejected by Estonian Economic Affairs Minister Kadri Simson.

International Baltic Bikini military exercises to be organized in Latvia

Baltic Bikini 2017 military exercises will be taking place in Liepaja, Latvia, throughout 24 – 28 July. More than 100 Baltic and American troops will be participating together with State Border Guard and Emergency Health Service to practice survival skills, as reported by Defence Ministry.

SRS: envelope wages will be a priority this year

More than half of Latvian employers pay their employees wages below the minimal monthly amount, said Director of the State Revenue Service Tax Control Office Sandra Karklina Admine in an interview to Rīta panorama on Monday, 24 July.

Latvians hesitant to use electronic means to request benefits

So far, Latvia residents have been rather slow in the use of electronic tools to request benefits from the State Social Insurance Agency.

Orbán promises solidarity with Poland as it approves controversial court reforms

Following the criticism Warsaw has received in mass protests and from Brussels on the approval of a controversial court reform, the Prime Minister of Hungary Viktor Orbán has pledged to defend Poland in the European Union.

New Conservative Party takes away one seat from Latvian Farmers Union in Kekava

The New Conservative Party has taken away one seat in Kekava council from Latvian Farmers Union, according to provisional data of the Central Election Commission on repeated elections in Kekava’s 785 election site.

17 journalists of Turkish newspaper charged with aiding terrorist organisation

In Turkey, 17 journalists of the opposition newspaper Cumhuriyet are to be tried over charges of aiding a terrorist organisation and, if found guilty, they face up to 43 years in jail.

Week to be warm in Latvia, but some rain is still expected

At the beginning of the week, weather in Latvia will be dictated by a small cyclone with its centre above Lithuania. The precipitation zone associated with this cyclone will bring about rain to south-east parts of Lithuania, as reported by State Environment, Geology and Meteorology Centre.

BNN summary of the week: Kucinskis in Ridzene’s room and government’s rushed decisions

BNN offers a summary of this week’s topical news in a variety of categories: Change; Fight; Truth; Business and Growth.

Tourists die in Aegean Sea earthquake

A powerful quake that struck in the Aegean Sea has taken the lives of two persons in Greece, local authorities have stated.

Fashion in business: how to be heard in the modern-day world?

It would seem that nowadays strict fashion trends have «died». This is because people for ways to look beautiful and comfortable. One of the minds behind TRÉS fashion line, Enija Mugurevica shares advice how to start a business in the fashion industry from scratch and be heard and noticed in the modern-day world.

FCMC fines Norvik Banka for EUR 1.3 million and Rietumu Banka for EUR 1.56 million

Finance and Capital Market Commission in cooperation with Federal Bureau of Investigation’s Counterproliferation Center found out in a target inspection that Latvian banks – Norvik Banka and Rietumu Banka – have not followed requirements of regulations for the prevention of money laundering and terrorism funding.

Saeima approves controversial amendments to Credit Institutions Law

On Friday, 21 July, Latvian Saeima approved amendments to the Credit Institutions Law, which were previously returned to the parliament for a repeated viewing by President Raimonds Vejonis, completely unchanged.

Bank of Latvia: tax reform is a disappointment; it will not improve competitiveness

The tax reform submitted to the Saeima for approval is one big disappointment that will not improve competitiveness, said head of the Monetary Policy Office of the Bank of Latvia Uldis Rutkaste in an interview to LNT 900 seconds.

Betsafe predicts: will Duklavs remain Latvia’s Agriculture Minister?

Although Unity has asked the Union of Greens and Farmers to replace Agriculture Minister Janis Duklavs with someone else after the scandalous oligarch talks in Ridzene hotel, Duklavs will likely keep his post, according to Betsafe bookmakers. There is a 33% probability of Duklavs losing his post.