bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Wednesday 27.05.2015 | Name days: Loreta, Dzidra, Gunita, Dzidris
LatviaLatvia

Vitol yields to criminal interests of Ventspils oligarchs

FaceBook
Twitter
Draugiem
print
(No Ratings Yet)

The fact that Ventspils millionaires – Olafs Berkis, Olegs Stepanovs, Igors Skoks and Genadijs Sevcovs – have been elected into Ventspils Nafta Supervisory Council clearly shows that the international concern Vitol is yielding to the interests of these Latvian oligarchs.

The decision taken in July 25 shareholders meeting once again confirms that Vitol easily enters into as doubtful transactions as when the company signed a secret contract with the accused Ventspils Mayor Aivars Lembergs and his associates. The deal was carried out back in the autumn of 2006 and concerned privatization of Ventspils Nafta.

Vitol’s willingness to ensure Western corporate governance standards in AS Ventspils Nafta and AS Latvian Shipping Company has proved to be just empty talk. By supporting replacement of Ventspils Nafta Supervisory Council, Vitol gets involved in deals with a group that uses criminal methods. But the move also means pushing aside the state of Lativa from any control over Ventspils Nafta. Latvia’s interest in the seized property secretly owned by Lembergs is managed by the Swiss attorney Rudolf Meroni.

Berkis, Stepanovs, Skoks and Sevcovs have unlawfully got hold of the right to manage AS Ventspils Nafta’s owner AS Latvijas naftas tranzits and its parent company AS Ventbunkers. To do that they made use of lies and political forces that will do everything to please their sponsors, presumably, even via illegal ways.

All the decisions that allow the mentioned persons to control the AS Ventbunkers and Latvijas naftas tranzits have been challenged at Latvian courts.

Rudolf Meroni is the only lawful AS Ventbunkers and AS Latvijas naftas tranzits Chairman of the Supervisory Council. He has already drew the attention of a number of top Latvian officials to the growing trends of raiding in Ventspils business, where Ventspils millionaires are using openly criminal methods to take over AS Ventbunkers and AS Latvijas naftas tranzits.

Under these oligarchs’ rule, the companies’ money has been squandered via a variety of schemes that have pushed the state into millions of losses. Besides, the scam is backed by the political elite that is supposed to working in the public interest.

Latvian state officials have been too slow to act. Now it can be seen that Berkis and his associates’ raiding practice is spreading. Although unlawful take-over of a company is a criminal offense in the western corporate practice, it is supported by the international concern Vitol, This contradicts the company’s statement that it has entered Latvia work honestly and transparently.

Rudolf Meroni reminds that Berkis, Stepanovs, Skoks and Sevcovs were Lembergs’ associates in the years long embezzlement in AS Ventspils Nafta. Via a network of schemes, their offshore bank accounts were transferred millions of dollars that were supposed to stay with AS Ventspils Nafta. The money should have been schedulled to the state budget and all the company’s shareholders.

Under Lembergs lead, the same persons also “lent a helping hand” in defrausing the Latvian Shipping Company out of money back in 2002. Back then, millions of dollars were directed away from the company via fake freight contracts. The ongoing litigation in Britain and the rulings made there vividly demonstrate this.

Berkis, Stepanovs, Skoks and Sevcovs served as officials in Ventspils companies for years, meaning they actually served Lembergs by carrying out various scams. It seems that those times are back again. To keep defrauding Latvia out of money, they have once again joined forces and corruption is thriving in Latvia.

Ref: 103.105.105.930


Leave a reply

  1. Alois says:

    Latvia is really an heaven this business

    Thumb up 0 Thumb down 0

Finance Ministry predicts 2.1% GDP growth and 0.4% inflation for 2015

In total, Latvia’s GDP growth could reach 2.1% in 2015. Inflation growth is expected at 0.4%, Latvian Finance Ministry predicts.

Bondars: the president has to be able to ensure security in the country

Official presidential candidates Egils Levits and Martins Bondars plan to focus a lot on Latvia’s foreign and internal policy.

Latvia’s proportion of drowned young people – highest in European Union

Education and Science Ministry should think about introducing a compulsory swimming programme in schools, believes Chairperson of Saeima Sports Sub-Committee Janis Upenieks.

Number of traffic accidents is on a rise in Latvia

«Information compiled by LTAB shows that the number of traffic accidents in Latvia has increased by 8.9% in comparison with Q1 2014,» – says Juris Stengrevics, Chairperson of LTAB. He adds that the general amount of insurance claims was 36.1% larger in Q1 2015 than it was in the same period of 2014.

Skype expected in Belgian court for refusing to unveil contents of user messages

A court in Belgium has summoned the provider of online communications Skype over a refusal of the latter to release contents of messages in relation to a criminal investigation.

Rõivas re-elected as Reform Party Chairman

Estonian Prime Minister Taavi Rõivas has been re-elected as the Chairman of the ruling Reform Party, having been the only candidate to the post.

Authorities catch 102 Vietnamese citizens for illegal crossing of Latvia’s border

Over the course of the first five months of 2015, Latvian authorities caught 110 citizens of third countries attempting to cross Latvia’s green border. 102 of them are Vietnamese citizens. Authorities also apprehended seven Russian, nine Latvian, three Polish and citizens of Kyrgyzstan, Tajikistan and Estonia for organizing transportation of illegal immigrants.

Saeima deputies’ support for presidential candidates remains unclear

The day of Presidential Elections – 3 June – draws closer. It is currently impossible to predict which of the four candidates has the best chances of getting elected, as reported by lsm.lv.

Levits: the President cannot act based on personal sympathy in Prime Minister matter

The President is obligated to nominate a Prime Minister candidate supported by the majority in the Saeima even when his own priorities are different, believes presidential candidate Egils Levits.

Russia and NATO begin parallel large-scale air force exercises

NATO and Russian armed forces on Monday, May 25, each begun separate large-scale air force exercises.

Latvian Economy Ministry wasted EUR 1.3 million on World Expo

Latvian Economy Ministry has wasted a total of EUR 1,316,647 of budget funds on participation in the international Expo Milano 2015m as concluded by State Audit.

SA uncovers unjustified spending of allocated money in state institutions

Accounting matters are generally well-organized in state institutions. Nevertheless, there have been cases when officials used allocated money on unjustified purchases and unreasonable budget initiatives, as concluded by Latvian State Audit in the annual survey in ministries and state institutions.

Number of Russian tourists visiting Latvia down by 40%

In Q1 2015, there were 360.5 thousand visitors in hotels and other accommodation establishments, which is 3.4% more than in Q1 2014.

Industrial producer prices down 0.6% in Latvia

Compared to March, the level of producer prices in the Latvian industry dropped by 0.1% in April 2015.

5.6 magnitude quake strikes in Japan

Tremors were felt in central Japan as on the night to May 25 a 5.6.magnitude earthquake took place in the Kanto region.

Spanish regional election ends with poor result for ruling People's Party

In Spanish regional and local elections, held on May 24, Prime Minister Mariano Rajoy's Peoples party achieved the worst result in more than 20 years.

Zatlers: results of presidential elections will surprise everyone

Ex-president of Latvia Valdis Zatlers believes the Saeima could elect the next President of Latvia in the first stage of elections next week, as reported by lsm.lv.

This week to be rainy and cold in Latvia

Latest weather forecasts suggest that air temperature is not likely to exceed +15° C at the end of May. The probability of such weather tends to increase in the first ten-day period of June.

Belarus oil company to buy terminal at Riga Freeport

An oil company owned by the state of Belarus has decided to buy Woodison terminal situated at Riga Freeport. Minsk has decided that potassium cargoes will be carried through Klaipeda from now on and oil products – through Riga.

Komorowski congratulates Duda on winning Polish presidential election

After the run-off of the Polish presidential election on May 24, the country's current president Bronisław Komorowski has recognised the victory of his challenger Andrzej Duda as the results of exit polls were released.

Air Lituanica, Lithuanian airline owned by the municipality of Vilnius has announced that it is putting to end its operations as of May 22.

Economic Diary of Latvia. Partnership with no strings attached

The main event of the week was the Eastern Partnership Summit, which took place 21 – 22 May in Riga. No breakthrough decisions like EU expansion or adoption of a visa-free regime were made. But there is some good news for business: multiple financial assistance agreements were signed during this meeting.

Latvian Customs Police catch four smugglers in the act

Latvian State Revenue Service’s Customs Police managed to catch a group of smugglers in the act, as they were carrying a shipment of illegal cigarettes from Latvia to Norway on 28 April.

Schultz: EU still meets with Russia to find political solution

«When we met last time during the Eastern Partnership Summit in Vilnius no one could have predicted such dramatic developments. The illegitimate annexation of Crimea has shaken up Europe’s security architecture. The conflict in Ukraine continues influencing our relations with Russia,» – said President of the European Parliament Martin Schultz.

Emigration from Estonia continues at slower pace

In 2014, several thousand people have emigrated from the northernmost Baltic country, but the pace of emigration has been slower than in the three previous years, latest data of Statistics Estonia show.

Newest comments