bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Wednesday 07.12.2016 | Name days: Dzirkstīte, Anta, Antonija
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

Ten most outrageous predictions that can potentially shock the finance environment

Can the Chinese economy exceed expectations? Will Britain remain in the EU? Will the Mexican peso grow and will Italian banks become growth leaders?

Ventpils took the most cream from deputy quotas

Although there are 119 municipalities in Latvia, most of the money allocated as part of deputy quotas has ended up only in a couple of municipalities that have direct ties with ruling parties. On top of that, amounts allocated to five municipalities exceed one million euro, according to information from Ir magazine.

European Commission blamed for being passive over gay discrimination in Lithuania

Six members of EU’s European Parliament from five political groups have this week blamed the European Commission for not acting on allegedly clear discrimination against homosexuals in Lithuania.

Estonian minister steps down shortly after taking office

Estonian Rural Affairs Minister Martin Repinski announced on December 6 that he was stepping down from office, having worked in the post for less than two weeks amid scandals surrounding him.

FM: for every one euro paid to EU budget, Latvia receives four euros on average

Next year, Latvia will receive more from the European Union budget than it will pay. For every one euro paid to the EU budget, Latvia will receive four euros in return, says Finance Ministry’s spokesperson Aleksis Jarockis.

Impressive deputy quotas – UGF wants to get more money for its municipalities

The sum of money money allocated for budget quotas has grown to EUR 20 million, because the Union of Greens and Farmers wants to allocated large amounts of money for municipalities managed by the party’s members, notes Saeima deputy Laimdota Straujuma.

Merkel supports limited ban on full-faced Muslim veils

Head of German federal government Angela Merkel has states on December 6 that burka Islamic head-wear should be banned in the country within the limits of law.

Greece accepts extradition of three accused over Turkish coup attempt

A court in Greece has on December 6 accepted that three Turkish troops accused of links to this summer’s Turkey’s attempted coup must be extradited to Turkey.

Elering announces tender for designing and building Estonian-Latvian power connection

As part of building the third power connection between Estonia and Latvia, Estonian power grid operator Elering has this week announced a procurement tender for designing and constructing the Estonian side of the project.

Expert: it is hard to tell small companies how they should work from now on

Because it is not entirely clear how the country’s tax regulations could change in the future, it is very hard to provide any recommendations to small companies in relation to their future, said KPMG senior auditor Gunta Kaulina in an interview to Latvijas Radio.

Authorities stop drug smugglers, one of whom is a convict in Central Prison

On 23 November, officers of State Revenue Service’s Customs Police Office performed multiple searches in Riga. Searches were performed in homes of individuals held suspect for ordering different kinds of narcotic substances from Netherlands with of selling them in Latvia, including to convicts in Riga Central Prison.

VNT doubts the actual situation with source of stench in Ventspils has been checked

Ventspils nafta terminals denies accusations voiced against the company in relation to the spread of petroleum stench in Ventspils last week, although the company did not perform any cargo operations in the respective period.

Social networks and YouTube to build database to prevent recruitment of terrorists

Largest U.S. social networking companies have stated on December 5 that they cooperate to create a joint data base with images and videos that are employed to lure users into terrorist activities.

Economist: investment inflow will be positive, but slower than last year

In Q3, the current account formed a surplus of 1.5% of the country’s GDP, according to data from the Bank of Latvia. This year’s general surplus is 1.1% of GDP. It is expected that investment inflow will remain positive before the end of the year. It will be slower than last year, predicts Swedbank economist Agnese Buceniece.

Kaimins: government is prepared to dump billions into iron and concrete, but not people

«Thank the government for its lack of spirit, reversed priorities, cynicism and indifference towards Latvian taxpayers,» – said Saeima’s independent deputy Artuss Kaimins in his speech to the parliament.

French Interior Minister nominated for post of PM

Following the resignation of the current French PM, on December 6, the country’s Interior Minister Bernard Cazeneuve has been named as the next head of government.

Pabriks: deals in the media sector are a matter of state security

Deals in the media sector are a matter of state security. With that, Prime Minister Maris Kucinskis and Economy Minister Arvils Aseradens should be more active in efforts to control strategically important business directions, said MEP Artis Pabriks.

Estonian manufacturers step up against excise tax hike on natural gas

Nine Representative bodies of Estonia’s manufacturing industry and the Estonian Employers’ Confederation jointly addressed the government on December 5 protesting against a planned excise tax hike on natural gas.

PHOTO: new Bombardier CS300 in a test flight above Latvia

On Monday, 5 December, Latvian national airBaltic airline performed a test flight above Latvia using the new Bombardier CS300 aircraft before its first commercial flight, which is planned for 14 December on the Riga-Amsterdam route.

Ventspils to spend EUR 23,000 on New Year’s fireworks

Festive New Year’s fireworks will cost EUR 22,900 without VAT in Ventspils this year, according to information from the Procurement Monitoring Bureau.

UN resolution for truce in Aleppo blocked by Russia and China

In a UN Security Council vote for a resolution urging to put in place a ceasefire in Syria’s possibly besieged second city of Aleppo, Russia and China have on December 5 used their right to veto.

20 additional stationary speed cameras are deployed on roads in Latvia

Based on the 8 November conceptual report of the Cabinet of Ministers regarding the progress of deployment of speed cameras, it is planned to install 20 more stationary speed cameras on roads in Latvia this Tuesday, 6 December.

International creditors agree on Greek debt relief

International lenders have on December 5 pledged to ease the heavy debt burden of Greece after a meeting of Eurogroup finance ministers.

BALTA: growth in non-life insurance market exceeds GDP growth indexes

In spite of slow non-life insurance market growth in Latvia, which had reached a mere 6% in the first three quarters, BALTA insurance association concluded the first nine months of 2016 with profits of EUR 3.2 million.

Lithuanians warned with TV ads to avoid being lured into espionage

In Lithuanian TV, informative adverts are being broadcast encouraging the population to be wary of kind strangers and call a hotline to check on them as attempts to recruit spies have been uncovered.

Newest comments