During the investigation into the Latvenergo case, the Corruption Prevention and Combating Bureau (CPCB) managed to confiscate and, with the help from Riga Central District Court, to add 442 000 «ownerless» dollars to the state budget. This money was found on a bank account of some offshore firm in the Estonian Eesti Krediidipank.
According to the secret decision of the CPCB (secret because of the investigation) that Pietiek portal received from the Central District Court, this transfer was possible because all suspects in the Latvenergo case claimed that they do not know who the owner of this money is.
Even though previously, the CPCB claimed that there are several Court decisions made in relation to the confiscation of this impressive amount of money in the Latvenergo case, the database of the Latvian Courts shows that there is only one such decision made in relation to the Latvenergo criminal proceedings – dated March 9, 2012.
In accordance with this decision, it was discovered in the pre-court investigation that the suspect Andrejs Livanovics – a private businessman and a business partner of Latvenergo president Karlis Mikelsons – signed a consultation agreement on behalf of Estonian OU Isengar Company with GAMA Company from the Republic of Turkey in relation to Latvenergo tender about the second stage of reconstruction of TEC – 2.
However, in March 2010, the Estonia registered OU Isengar Company was replaced by a Cyprus registered Limmarine Ltd. with and intent to receive illegal funds from GAMA Company when signing backdated documents.
It was later determined that two accounts were opened in two Cyprus banks for Limmarine Ltd, and the only person who has rights in relation to this company is Livanovic. Limmarine Ltd. received the first part of funds from GAMA on May 4, 2010. Then, the money was transferred to different companies for legalization; this includes an offshore company on the Virgin Isles called Rosabella Investments LTD, accounts of which were also found at the Estonian Krediidipank.
According to the information received from Estonia, the declared actual owner of the offshore company Rosabella Investments Ltd. is a citizen of the Republic of Estonia and the Russian Federation A.K., who also has a permanent residence in Latvia. On November 24, 2010, this A.K. was declared a suspect in the Latvenergo criminal proceedings.
All the evidence gathered during the pre-court investigation give a good reason to believe that most of the payments GAMA made and would have made in the period from May 2010 and up to the conclusion of the TEC-2 project, using Limmarine Ltd and an intermediary, were bribes (illegal payments) intended for Latvenergo officials so that they would use their posts and seal the March 3, 2010 deal between Latvenergo and GAMA.