bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Tuesday 24.05.2016 | Name days: Marlēna, Ilvija, Ziedone
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

Ryanair announces 7% fall in fare prices

Ryanair has stated it would reduce its fare prices by an average of 7% in 2016, as the Irish airline seeks to increase its market share and increase competition in the European market.

Latvia will experience summer-like weather this week

High atmospheric pressure will dictate weather in Latvia this week. With that, air temperature will largely range within +21° C…+26° C on Monday, 23 May. It will be slightly colder along the coast.

Feierābends and Plētiens are released from detention

On Monday, 23 May, Riga City Northern District Court released Arvils Feierābends, who is a suspect in a bribery case of SP Public Order Police, from detention in the courtroom.

Producer price level in industry declines 3.1% in Latvia

Compared to March, the level of producer prices in the Latvian industry decreased by 0.1 % in April 2016. The level of prices of both – products sold on the domestic market, as well as of exported products decreased by 0.1 %.

Zatlers sees no reason to change Latvia’s naturalization rules

Latvia has very well-ordered laws and sufficiently simple naturalization process for non-citizens at the moment. There is no reason to change anything, believes ex-President of Latvia Valdis Zatlers.

Ministers to look for solutions to improve PUC’s budget situation

On Monday, 23 May, the Cabinet of Ministers did not support Economy Ministry’s guideline project that provides an increase of state fees for regulation of public utilities. Ministers will look for solutions to increase the Public Utilities Commission in the near future.

Immigration to Estonia exceeds emigration for first time since renewed independence

During 2015, 13 003 people emigrated from Estonia, while 15 413 imigrated to the Baltic country, Statistics Estonia has estimated and found that for the first time since the restoration of the independence of Estonia more people have arrived in the country than the people, who have left.

Baltic residents choose their most favourite brands

Swedbank, Laima and Apple remain the most popular brands in Latvia for the second consecutive year. The TOP 10 also include LMT, Facebook, Maxima, Samsung, Google, Bite and Rimi.

Latvijas Dzelzceļš buys plant the business of which has not been successful in the past

The head of Latvijas Dzelzceļš has received the government’s approval to expand its business presence. LDz’s subsidiary LDz Rolling Stock Service plans to become the sole owner of Rīgas vagonbūves uzņēmums Baltija and commence manufacture of freight wagons in Daugavpils.

Calendar of cultural events in Lithuania. Folkfest «Skamba Skamba Kankliai»

BNN offers you a selection of cultural events in Lithuania for the week during May 23 to May 29.

Families of MH17 victims take Russia and Putin to court

The relatives of people killed in the downing of flight MH17 over Ukraine in 2014 have sued Russia and Russian President Vladimir Putin.

Tar pond cleanup becomes EUR 9 million more expensive

Another EUR 9 million is necessary for the Incukalns tar ponds cleanup project, as reported by De Facto of LTV. Environmental Protection and Regional Development Ministry has to find a way to acquire this amount from the European Union funds by the end of the year.

Greece adopts another round of spending cuts and tax rises

The parliament of Greece has on May 22 adopted budgetary spending cuts and tax increases preparing for the May 24 eurozone sitting, where transferring bailout funds to Greece is expected to be discussed.

Submarine used in Mediterranean locate black boxes from missing plane

Debris possibly from the Egyptair passenger plane, which crashed on May 19 en route from Paris to Cairo, has been found in the Mediterranean and a robot submarine has been deployed to locate its flight data recorders.

Week in Lithuania. Rio Olympics’ hope takes gold at European Championships

Lithuanian swimming talent 19-year-old Rūta Meilutytė has won gold in the women’s 100 metre breaststroke final at the European Championships in London.

Economic Diary of Latvia. Making money off tourism and transit

A summit of transport ministers and a business conference of countries of Central and Eastern Europe and China were held in Riga this week. As a result of the meeting, a final document was approved, which provides for cooperation in the development of an integrated transport corridor between China and Europe.

Every day, more than 20 people in Latvia are diagnosed with heart stroke

Approximately 20% of Latvian patients undergoing treatment of cardiovascular diseases are diagnosed with either heart attack or stroke.

Rinkevics expects sanctions against Russia to be extended

Considering that Minsk Protocol remains unrealized, the European Union will extend the sanctions against Russia for a longer period of time, predicts Latvian Foreign Affairs Minister Edgars Rinkevics.

Latvia has the highest proportion of delayed loans among Baltic States

Approximately one-third of consumer loans issued last year were provided to residents aged 25 to 35 years. Young people under the age of 24 use banks’ loan offers very rarely, according to data from SEB Bank’s Baltic Households Outlook.

Volume of electricity produced by CHP plants on a rise in Latvia

In 2015 combined heat and power plants produced 3,526.8 GWh of electricity (17% more than in 2014) comprising 63% of the total volume of electricity generated in Latvia. Last year, 5 540.4 GWh of heat were produced in CHP plants – 72% of the total heat produced in the country.

Third top employee of Estonian state port administrating firm detained on suspicion of bribery

With bribery case linked to Estonian state port administration firm Tallina Sadam continuing, a third high-profile employee - director of the company’s maintenance department - has been arrested.

Ventbunkers allocates EUR 150,000 to Ventspils University College

On Thursday, 19 May, the management board of Ventbunkers, one of the largest companies in Ventspils, decided to officially support Ventspils University College by allocating funding of EUR 150,000 to the education institution.

DM: confident support to strengthen Latvia’s security has been received in USA

USA and Latvia as strategic partners have to reach a bilateral agreement on initiatives in matters of joint defence and security – as agreed upon by Latvian Defence Minister Raimonds Bergmanis, head of Center for a New American Security Michele Flournoy, Congressman Michael Turner, Senator Jack Reed and officials of Latvia’s embassy in Washington.

Warfare continues in Ukraine

With ceasefire theoretically in force in the war against Ukraine, practically shelling on the frontline in Donbas region continues. Ukrainian forces report that on May 19 and early hours of May 20 heavy weapons have been used against them 15 times.

EC: Human trafficking with children is increasing

The European Commission has this week stated that human trafficking with children to European Union member states is increasing sharply.