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Sadales tīkls chairman Andis Pinkulis steps down

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUAndis Pinkulis, chairman of the board at Sadales tīkls, has stepped down from his post following a request from Economy Minister Arvils Ašeradens to evaluate his responsibility in the care involving possible fraud with mandatory procurement component.

According to the announcement given to Nasdaq Riga by Latvenergo, Pinkulis stated in his resignation addressed to the company’s shareholders that he explains his decision to step down with taking responsibility for flaws with the company’s internal control. He also wishes the team at the company success with the realization of the initiated programme for the modernization of the network and raising effectiveness.

Sadales tīkls shareholders gathered on Wednesday, 1 November, to discuss Pinkulis’ decision to step down. They decided to dismiss him from the post of chairman.

Until a new chairman is chosen the board will function as a three-man team, with Baiba Priedīte, Inga Āboliņa and Raimonds Skrebs on board. Priedīte will serve as the acting chairperson until a new one is picked. Before joining Sadales tīkls, Priedīte was acting business processes manager at SEB Bank, where she performed significant projects and developed customer relations and customer service management.

A separate selection process will be initiated to fill the vacant board member posts.

As it is known, Rolands Lūsveris stepped down from his post as board member of Sadales tīkls last week. He will also leave his post as the company’s development director and terminate his legal relations with the company. Like Pinkulis, Lūsveris decided to step down to take responsibility for the poor monitoring of the process and problems uncovered in the investigation with control over power plants’ connection process.

«Lūsveris is no longer a board member of Sadales tīkls. His resignation was accepted by the shareholders on 25 October. Because Lūsveris is currently away, his confirmation regarding termination of legal ties with Sadales tīkls was received by the company board today in electronic and verbal format. Formalities with termination of employment will be settled in the coming days,» says Sadales tīkls representative Tatjana Smirnova.

It is also known that State Police has commenced a criminal process regarding actions of Sadales tīkls and Rīgas enerģija and possible fraud with electricity production permits. The criminal process was launched in relation to an attempt at large-scale fraud.

Economy Minister Arvils Ašeradens has requested a full evaluation of Pinkulis’ responsibility in relation to possible MPC fraud. «Pinkulis’ responsibility should be evaluated because Economy Ministry believes that possible MPC fraud attempts were not separate, but rather systemic, which is unacceptable,» said the minister.

There are currently no suspects in the criminal case.

Ref: 224.109.109.5209


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