bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Ceturtdiena 23.03.2017 | Name days: Mirdza, Žanete, Žanna
LatviaLatvia

Panama documents contain information about Lembergs, Gulbis, Kirsons and others

FaceBook
Twitter
Draugiem
print
(No Ratings Yet)

Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUThe so-called Panama documents mention the names of some of Latvia’s famous and infamous people, including Aivars Lembergs, businessman Ainars Gulbis and his son, tennis player Ernests Gulbis, airBaltic’s new investor Ralf-Dieter Montag-Girmes, founder of Lido Gunars Kirsons and others, as reported by Re:Baltica.

As noted by the investigative journalism company, there are 15,951 entries in the leaked database concerning Latvia. This is largely because clients of Mossack Fonseca had accounts in Latvian banks servicing non-residents. Some of the actual beneficiaries and shareholders mentioned as linked to Latvia are citizens of Russia and former CIS countries. Some are mostly unknown people, and publishing their names would serve no purpose, as using services of foreign companies is not a crime, Re:Baltica reports.

According to information from Re:Baltica, the recently leaked Panama documents contain information about 10 Latvian clients of MF law firm, 1,380 Latvian companies, 21 beneficiaries and 81 shareholders from Latvia.

Re:Baltica notes that some materials about Aivars Lembergs and his daughter had been known previously, as offshore firms mentioned in the leaked documents had been previously mentioned in court processes launched against Lembergs.

In 2008, Lembergs’ lawyer Irina Kauke asked MF to provide an official response as to whether or not Lembergs had any relation to a number of companies registered in Panama and the British Virgin Isles mentioned in the criminal process launched against him: Zele Mineral Resources Limited, Hinch Invest & Finance S.A, Regina Development Inc, Kaywood International Limited, Concavo Limited, Delvar Invest Eurocom and Digentia.

MF provided such a service for a fee. Lawyers replied that Lembergs’ name was not found in the company’s database. This, however, does not mean he owns nothing, as shareholder lists are kept by companies themselves. Kauke refused to provide comments to Re:Baltica and said she is categorically against the publication of this information.

Documents also prove that Liga Lemberga is the director of Canrif Limited. However, there is no information available as to its purpose.

Two offshore companies in Panama are owned by Ainars Gulbis. In one of them, Farber & Associates, his father Alvils and son, tennis player Ernets Gulbis, are appointed as directors.

Ainars Gulbis explained to Re:Baltica that he had bought the firm in the middle of 1990. He claims he did not feel certain about his owned property, fearing someone would try to take it from him. According to Gulbis, the only purpose of that company was to keep shares of SWH Group. Now that it has been sold, the offshore firm in the process of liquidation.

Ainars Gulbis denies that the company has anything to do with his son’s accomplishments in sports. «I am the only beneficiary. I appointed my father and Ernests as directors because it is a family enterprise and I trust them. The firm has never had a single bank account, nor has it ever carried out a single transfer. It has nothing to do with Ernests’ career,» – said Ainars Gulbis.

According to Re:Baltica, Lido owner Gunars Kutris had tried to maintain control over the company using services of the offshore company in question. In 2010, when Lido was having serious financial problems, an agreement was signed with three firms, Carcel Holdigs (Panama), Joyton International and Joondaloop Financial Corp (British Virgin Isles).

Lido agreed to pay these companies the debts owed by Kirsons’ and two of his other firms worth USD 21 million. Shortly after, Lido was provided with legal protection and Kirsons announced his insolvency, reminds Re:Baltica, noting that businessmen often used such schemes during the crisis to keep valuable assets in their hands and avoid paying actual debts.

Vladimir Shestakov was appointed to two of the offshore companies as an authorized representative. Lawyer Valdis Bergs was appointed to the third. These details reveal an agreement signed between Kirsons, Lido, three offshore firms and DnB Nord Bank at the end of 2011. This agreement was sent to MF by Carcel Holdigs.

Kirsons had used offshore services after that as well, when he had pledged shares in MC Horeca Holding to a Cyprus-based company. Shestakov was the representative of the Cyprus-based company then as well, as previously reported by LTV. Kirsons provided no answer when asked by Re:Baltica as to the reasons why he had used services of an offshore company and who does it belong to. He did, however, publicly state later on that he was convinced to employ shady insolvency methods during the crisis. Later on, however, he claims he chose in favour of honest talks with creditors.

Re:Baltica also reports that services of MF had been used by airBaltic’s new investor – Ralf-Dieter Montag-Girmess – three years ago. He was the manager in three offshore companies – ARQ Aviation Limited, ARQ Investment Limited and ARQ Real Estate Holdings Limited.

All three of them were founded in 2008. Over the course of the next three years, according to correspondence, MF had fruitlessly tried to acquire information related to clients.

Only in 2013, did Montag-Girmess become interested in closing those firms. The correspondence also reveals Montag-Girmess’ activities on the Russian market, including on the real estate market, as noted by Re:Baltica.

Ref: 102.109.109.7842


Leave a reply

Kucinskis hopes to find a new director for State Chancellery within two weeks

Latvian Prime Minister Maris Kucinskis hopes to find a new manager for the State Chancellery within the next two weeks.

InnoEnergy business opens an office in Latvia

International business accelerator company InnoEnergy has opened an office in Latvia. This objective of this company is preparing new and innovative technologies developers for attraction of investments as part of InnoEnergy accelerator.

Bank of Latvia increases inflation outlook for 2017 to 2.7%

The Bank of Latvia has increased its inflation outlook for 2017 from 1.6% to 2.7%, as reported by the bank’s press-service.

CC permits Lithuanian company to acquire decisive influence over Latvian businesses

Latvia’s Competition Council has permitted two mutually associated deals to be performed by W.P.Carey and Kesko, allowing the two concerns to acquire decisive influence over Lithuanian Baltic Retail Properties and three companies registered in Latvia – K Prof, Polo LS and Daugavkrasts M.

Estonian military transport firm co-operates with leading Norwegian and British companies

Estonian military transport manufacturer Milrem has made a joint product with Norwegian weapon-maker Kongsberg and British remote system producer Qinetiq North America.

Welfare Ministry opposes diverting part of social budget to healthcare

Experts view Finance Ministry’s proposal to divert certain parts of the social budget to pay for certain healthcare services. Welfare Ministry is especially cautious about this proposal.

Saeima agrees to publish names of disciplinary punished judges

Publication of information about disciplinary penalties applied to judges, their names and surnames will no longer be prohibited, as stated by amendments to the Judicial Disciplinary Liability Law supported by the Saeima in the first reading on Thursday, 23 March.

Experts: internet users open up 30% of fraudulent e-mail letters

Cyber criminals are becoming more and more cunning and their fraudulent e-mails – harder and harder to differentiate from real ones. Internet users open up to 30% of fraudulent e-mail letters, explains eScan antivirus developers.

Minister: Latvia supports International Coalition’s fight against Daesh

«The fight of the International Coalition against Daesh has become a very effective instrument to help reduce Daesh military, financial and recruitment capabilities,» said Latvian Foreign Affairs Minister Edgars Rinkevics.

New pulp factory planned in Estonia

Estonian entrepreneurs have envisaged building a high-tech pulp-making plant near the city of Tartu and have submitted the plan for confirmation from Estonian national special planning authorities.

Ventspils Freeport Authority announces procurement

Procurement has been announced for the construction of an access road in Ventspils, Talsu Street 200 and landscaping of nearby territories so that one of the land tenants can commence construction of their building there, as reported by Ventspils Freeport.

Estonian investors consider construction of pulp factory in Latvia

Investors that consider building a pulp factory worth EUR 1 billion in Estonia’s southern region allow for the possibility of getting permission for the same project in Latvia, because this process can take a long time in Estonia.

Russian singer barred from going to Eurovision in Kyiv

Ukrainian authorities have banned Russian Eurovision representative from entering Ukraine, where the pop song contest Eurovision is to be held in May.

Travel passports planned to be introduced in Latvia

Deputies have submitted amendments to the Personal Identification Documents Law, suggesting the adoption of travel passports to avoid situations when people are denied the right to travel freely or participate in elections.

Tragic attack in London

In a tragic attack on civilians and police in London, five people have been killed and no less than 40 injured.

Farmers urge voting in favour of preserving land in the hands of local residents

A letter with a request to support farmers, countryside residents and amendments to the Law on Land Privatisation in Rural Areas has been sent to members of the Saeima.

Officials support Finance Ministry’s proposals for medium-term tax strategy

At the 22 March meeting of the National Economy Council, members of the parliament decided to conceptually support Finance Ministry’s proposals for medium-term tax strategy.

Ameriks received nearly 200,000 euros from fast loan companies in interest pay

Vice-Mayor of Riga Andris Ameriks received income of nearly 200,000 euros in interest pay from fast loan companies 4finance and Mogo last year, according to the declaration for 2016 submitted to the State Revenue Service.

Estonia to reduce availability of plastic bags in shops

Having passed amendments to the Estonian «Packaging Law», the Riigikogu has adopted a plan to reduce the use of plastic bags in the Baltic country over the coming years.

Latvian businesses in Japan to be provided with stable tax payment regime

Latvia businesses working in Japan will be provided with a stable tax payment regime that will not be influenced by amendments to Japan’s tax regulations, as stated in Saeima’s report.

Multiple parties to gather in a single candidate list to compete with Lembergs

Latvian Association of Regions, National Alliance, For Latvia’s Development and Unity will start at municipal elections in Ventspils under a single candidate list, said the leader of this unified list Girts Valdis Kristovskis in an interview to Latvijas Avīze.

Reirs: ministry’s offered tax reform will change nothing for most pensioners

Finance Ministry’s offered tax reform will add only slight changes. Most pensioners will not feel any changes from this reform – neither good, nor bad, said Welfare Minister Janis Reirs in an interview to Rīta panorama.

Canadian ambassador: Latvia and Canada are closer than ever before thanks to CETA

«All Latvian exporting companies – those that already export goods to Canada and those that consider doing that – will benefit from the Comprehensive Economic and Trade Agreement,» says Foreign Affairs Ministry’s parliamentary secretary Zanda Kalnina-Lukasevica.

Expert: cargo transports through Iran offer a major step for international logistics market

Over the course of nine months, since Latvian logistics company Pro Logistic Services opened an office in Iran, the volume of cargoes and the number of serviced clients has grown by 15%.

Eastern Hospital’s Gynaecology Clinic to be provided with 500,000 euros to reduce queues

Riga Eastern Clinical University Hospital’s Gynaecology Clinic will be provided with funding of EUR 513,622 from the state budget to help reduce queues.