bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Tuesday 13.11.2018 | Name days: Jevgēņija, Jevgēņijs, Eižens
LatviaLatvia

Police requested prosecution for 50 insolvency administrators in past several years

FaceBook
Twitter
Draugiem
print
(No Ratings Yet)

Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUSince 2016, Latvia’s State Police have received several hundred reports regarding possible illegalities during insolvency processes. Over the course of the last two years, police have asked the prosecutor’s office to commence criminal prosecution of 50 insolvency administrators.

In 2016, State Police requested criminal prosecution of 16 criminal processes with 34 episodes against 16 insolvency administrators. Police requested commencement of criminal prosecution for fraud, embezzlement and document forging.

Last year, State Police requested commencement of criminal prosecution of 16 criminal processes with 45 episodes against 27 insolvency administrators. Police requested commencement of criminal prosecution for embezzlement, non-compliance with court ruling, persecution, interference with insolvency process, document forging, extortion in an organized group, money laundering, and abuse of official power.

In the first five months of 2018, State Police requested commencement of criminal prosecution in 7 criminal processes with 13 episodes against 7 insolvency administrators for embezzlement. Four criminal processes have commenced against insolvency administrators this year.

In 2016, State Police received 377 reports detailing possible illegalities in insolvency processes (290 in 2017 and 100 in the first five months of 2018).

Currently Corruption Prevention and Combating Bureau investigates one criminal process regarding bribery of an insolvency administrator. Last year, CPCB submitted one criminal process to the prosecutor’s office.

State Police notes that combating criminal activities associated with illegalities in the insolvency sector is one of the priorities for the law enforcement institution.

Police focus on information received about possible illegalities committed by certified insolvency administrators. The most common type of crimes committed by insolvency administrators include fraud, embezzlement and abuse of power.

Close cooperation has been established with the prosecutor’s office and Insolvency Administration to ensure better investigation of crimes and improve work capacity.

COCB explains that it is within its competence to investigate crimes associated with corruption, not all crimes insolvency administrators could be involved in. Corruption risks exist in any institution and for any official taking an important post. Because of that, risk management plays a major role in identifying and reducing risks, CPCB adds.

As it is known, last year’s detainment of insolvency administrators Māris Sprūds and Ilmārs Krūms earned a great deal of attention from media and authorities alike. Sprūds was released this February after he paid a bail of half a million euros. This is the largest bail amount paid in the history of Latvia’s judicial system. The amount was paid by his brother – businessman Kristaps Sprūds.

The prosecutor’s office accused Sprūds of extortion and money laundering. There are five other suspects in the case, including financier Jorens Raitums, who is also accused of money laundering. Ex-insolvency administrator Krūms is also among the accused.


Leave a reply

Healthcare Minister: there will be funding for State Emergency Medical Service

Latvian Healthcare Minister Anda Čakša has decided to support State Emergency Medical Service’s plan for organization of work. She has confirmed that funding to cover pay for extended work hours will be allocated next year, as reported by Healthcare Ministry’s Communication Office director Oskars Šneiders.

Unemployment level in Latvia remained at 6.1% in October

In October 2018 unemployment in Latvia was at 6.1% of the country’s economically active residents, according to information from the State Employment Agency.

NAF Commander: tensions on a rise in the world, but Latvia can sleep peacefully

The political situation in the world develops in accordance with a sinusoidal principle – sometimes tensions increase, sometimes things calm down, said Commander of Latvian Armed Forces Leonīds Kalniņš in an interview to LNT.

Construction production output in Latvia up 10.3% in Q3

Compared to Q3 2017, construction output increased by 10.3 % in Q3 2018. Construction output rise was observed in construction of buildings (of 9.2 %), civil engineering (5.7 %) and specialised construction activities (19.7 %).

Brexit talks until 2.25am result in UK seeing progress toward deal

The British government, its representatives and negotiators of the European Union have spent a considerable part of the night to Monday, November 12, to make at least a few steps into the direction of the burning deal on the UK leaving the bloc.

Corruption watchdog takes notice of Jurmala mayor’s expensive and undeclared furniture

Corruption Prevention and Combating Bureau has taken notice of several units of expensive furniture Jurmala Mayor Gatis Truksnis had purchased for his personal needs by spending an amount of money larger than his salary in the municipal office. On top of that, these purchases do not show up in his declaration, as reported by Latvijas Avīze.

Border guards find nearly 30,000 counterfeit impotence treatment pills in person’s luggage

During a regular baggage inspection at Riga International Airport, officers of the State Border Guard found a large number of prescribed medicines for treatment of impotence in some passenger’s baggage.

Swedbank joins Europe’s flash transaction system

Continuing development of its digital services, Swedbank has joined Europe’s flash transaction system. This means that additionally to immediate transaction processing for transactions within Swedbank network in Baltic States, clients can also receive flash transaction processing with other European banks that support this system...

Not listening! Ukraine rebels hold «elections», deaf to criticism from Kyiv, West

In eastern Ukraine, Russia-aided separatists have held parliamentary and presidential «elections» with acting leaders expected to win the vote branded as illegitimate by Ukraine, France and Germany.

Rīgas satiksme’s debts come close to 300 million; Ušakovs says company is doing well

Riga City Council has voted in favour of allocating an additional grant of EUR 22 million to Rīgas satiksme. This means this year the company has cost the city EUR 123 million, reminds Nekā personīga.

In pictures: World powers mark 100 years since end of World War I

While many Eastern and Nordic European nations mark 100 years since the establishment of their statehood, for Western Europe the year 2018 is the centenary since the end of the First World War.

New Unity wants to be in charge of Environment Ministry in Latvia’s new government

New Unity wants to be in charge of Latvia’s Environment Protection and Regional Development Ministry in the new government, says New Unity politician, Economy Minister Arvils Ašeradens.

Poland marks centenary since founding of its modern independence

Poland has marked a century since the establishment of modern national independence of Poland on Sunday as more than 200,000 people marched through the capital.

California hit by deadliest wildfires since 1933

31 people have lost their lives in wildfires currently raging in the U.S. state of California, as over 200 hundred people are unaccounted for, according to statements by local authorities.

Air temperature to remain above 0° C in Latvia this week; strong wind expected

This week’s weather conditions in Latvia will remain similar to previous weeks – air temperature above 0° C with clouds covering the sky. Some sunlight is expected every now and then, however. Precipitation and strong wind is expected in many of Latvia’s territories, as reported by State Environment, Geology and Meteorology Centre.

Week in Lithuania. Conservatives pick Simonyte as presidential candidate

Lithuania's opposition conservative Homeland Union – Lithuanian Christian Democrats has picked MP and former Finance Minister Ingrida Simonyte as the party's presidential candidate in a primary election held last weekend.

BNN summary of the week: 13th Saeima’s meeting; expensive medicines; continued government formation in Latvia

BNN offers a summary of this week’s topical news in a variety of categories: Progress; Announcement; Expectations; Plea; Decision; Saeima.

Study: 56% of Latvian residents provide support to their retired parents

More than half of Latvian residents provide support to their retired parents. 30% of residents provide financial assistance, according to results of a study by SKDS and INVL pension fund.

Bank of Latvia governor made suspect in another criminal process headed by CPCB

Ilmārs Rimšēvičs, governor of the Bank of Latvia, has been made suspect in another criminal process investigated by the Corruption Prevention and Combating Bureau.

Export volumes in Latvia up 5.1% in September; timber remains at the top

In September 2018 foreign trade turnover of Latvia amounted to EUR 2.42 billion, which at current prices was 5.1 % more than in September 2017, of which the exports value of goods was 1.0 % lower, but imports value of goods was 10.3 % higher.

Party asks ministry to assess if Riga mayor acted legally by not viewing tax matter

Riga City Council’s National Alliance ‘All for Latvia’ – ‘For Fatherland and Freedom/LNNK’ has turned to Environment Protection and Regional Development Minister Kaspars Gerhards with a request to evaluate the decision of Riga Mayor Nils Ušakovs to exclude from the agenda the matter on real estate tax discounts, as confirmed by the party’s representative Edvards Ratnieks.

Norvik Banka changes name to PNB Banka

As of 9 November Norvik Banka Group is known as PNB Banka. The bank will continue providing all of its services without complications. All contracts and agreements signed with AS Norvik Banka remain in force. Communication with customers will continue as usual in all of the bank’s branch offices in Latvia, as confirmed by PNB Banka communication manager Vineta Vilistere-Lāce.

Grindeks: medicines to become more expensive because of new European requirements

Due to the adoption of a verification system to check safety of medicines, medicines are expected to become more expensive, said Juris Bundulis, board chairman of Grindeks.

Vivid selection of Latvian culture on offer in Tartu for 9 days

The Estonian city of Tartu is hosting nine days of selected Latvian culture events up until the centennial of Latvia on November 18. The events begun on Friday with the opening of the photography exhibition by internationally acclaimed photographer Zaiga Šteina.

Separatists in Ukraine to hold disputed elections

Russia-aided separatists in eastern Ukraine will hold presidential and parliamentary elections in two self-proclaimed republics this weekend, despite of criticism from Kyiv and the European Union.

Newest comments