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Latvian Saeima’s committee does not support Kušners’ re-approval in Bank of Latvia council

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUOn Thursday, 17 May, Saeima’s Budget and Finance Committee decided not to recommend Edvards Kušners for a repeated term in the council of the Bank of Latvia.

Three deputies voiced support for Kušners – Imants Parādnieks, Inguna Sudraba and Juris Viļums. Three deputies – Jānis Vucāns, Aleksandrs Kiršteins and Edgars Putra – voted against. Deputy Renārs Putniņš abstained in the vote, and Igors Pimenovs was absent.

After interviewing Kušners last week, deputies decided to take a pause in this matter. Most of the questions Kušners was asked were associated with events of 2005. At the time, he was deputy chief of the Legal Affairs Office of the Bank of Land. He was later appointed as an authorized person to Delaware-registered company Carew Estates LLC.

Kušners told deputies that Delaware is not an offshore from the perspective of Latvian legislation. He explained that an attack was performed on some company and he became involved to help some people. Kušners mentioned multiple times that this situation did not create any negative consequences for the country. The case itself was not associated with tax avoidance. He said he performed his duties diligently.

Kušners says the holder of the controlling package of shares in the company he mentioned found a person who tried taking it over. A civil conflict prevented that person from doing that in a simple way. Because of that, an intervention was needed. He also said that he was stated as an authorized person in the public state registry and never tried to hide this fact.

Deputy Renārs Putniņš asked multiple times during the meeting if such a company can be considered a shell company now that Latvia’s legislation has been changed. Razmusa said one of its criteria may fit the definition.

Committee’s chairman Jānis Vucāns said Kušners is a lawyer. Because of that, he views this situation from such a perspective. However, he added that there is also a moral aspect to this situation. Deputies agreed to take a pause in this matter’s review and then listen to what Kušners has to say.


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