bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Tuesday 11.12.2018 | Name days: Valdis, Voldemārs, Valdemārs
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

Latvian president calls of KPV LV leader Aldis Gobzems nomination

Latvian President Raimonds Vējonis has decided to withdraw the nomination of KPV LV leader Aldis Gobzems as prime minister candidate.

KPV LV faction pledges support to Aldis Gobzems

Saeima faction of KPV LV has pledged support to its prime minister candidate Aldis Gobzems to lead the government formation talks.

Study: more should be done to make tax procedures easier

The four main indexes for business tax commitments have not changed much globally: commitment compliance time (237 hours); number of payments (23.8); total tax and duties rate (40.4%) and post-declaration index (59.6 out of 100), as concluded in the Paying Taxes 2019 study by PwC and World Bank Group.

Inflation in Latvia reaches 3% in 2018

November 2018, compared to November 2017, the average level of consumer prices rose by 3.0 %. Prices of both goods and services grew by 3.0 %. Compared to 2015, consumer prices were 6.8 % higher in November 2018. Prices of goods increased by 5.9 % and prices of services by 9.1 %.

Estonian hospital to make patients pay for uncancelled doctor appointments

In Estonia, Ida-Viru Central Hospital plans to introduce asking patients to pay for a scheduled specialist appointment, if the patient does to visit the doctor and has not notified the hospital in advance.

Politologist: two weeks in government formation is lost time

Two weeks spent in government formation is lost time, because budget development has not even started. However, the current situation may pave the way for a new prime minister, because several of the previously voiced red lines have been erased, says interior policy expert Ieva Bikava.

In pictures: Mass demonstration in Vilnus in solitarity with teachers' strike

A large protest has been held in Vilnius, with many Lithuanians gathering in solidarity of a teacher strike currently held by over thousand workers of schools and kindergartens across the Baltic country.

KPV LV prime minister candidate to present president with three scenarios

Prime minister candidate Aldis Gobzems from KPV LV will present Latvian President Raimonds Vējonis with three possible scenarios for government formation this Monday, 10 December.

EU court: Britain can unilaterally stop its divorce from EU

The European Court of Justice has found in a ruling that the UK has the right to cancel its withdrawal from the European Union unilaterally, without the support of the other 27 EU members.

Weather in Latvia expected warm at weeks beginning; air temperature to drop again later on

Weather in Latvia will be cloudy and rich with precipitation this week. Air temperature may remain positive until the middle of the week, but colder masses of air will flow to the country shortly after that. More snow is also expected, as reported by Latvian Environment, Geology and Meteorology Centre.

150 countries convene in Morocco to endorse UN Migration Compact

The UN conference to endorse the UN Migration Compact, starting in Marrakech, Morocco on Monday, December 10, will be attended by politicians from 159 countries.

Politologist: Artis Pabriks would not be a good choice for prime minister

Latvian President Raimonds Vējonis should nominate a neutral politician as the next prime minister candidate, someone who hasn’t insulted New Conservative Party and KPV LV yet, says politologist Juris Rozenvalds.

In Armenia election, landslide victory to Pashinyan's bloc, results show

In Armenian early parliamentary election, held on Sunday, December 11, the political bloc led by Armenia's acting prime minister, Nikol Pashinyan, won, according to the Central Election Commission.

Week in Lithuania. President signs decrees on three ministers' dismissal

President Dalia Grybauskaite on Friday, December 7, signed decrees to accept the resignations of Jurgita Petrauskienė as education and science minister and Liana Ruokytė-Jonsson as culture minister and to dismiss Kęstutis Navickas from the post of environment minister.

BNN summary of the week: Plan B; Lithuania's fired ministers; Pasažieru vilciens' bothers

BNN offers a summary of this week’s topical news in a variety of categories: Surprise; Victory; Growth; Commitment; Decision; Complaint; Government.

Snow and ice create problems for drivers in Latvia

In spite of several trips coating roads with anti-freeze and clearing them of snow on Friday, 7 December, driving conditions remained complicated in many parts of Latvia in the afternoon.

Share of fast loans extended three and more times increases in Latvia

Lending volumes in the non-banking sector in Latvia continue growing in the first half-year of 2018 – the total loan portfolio of lenders’ had grown 7.11%, reaching EUR 655.82 million, by the end of June.

NCP does not consider KPV LV offer as serious; says government formation impossible

Considering the term given by Latvian President Raimonds Vējonis to KPV LV leader Aldis Gobzems, he simply has no way to form a sustainable government, says New Conservative Party’s leader Jānis Bordāns.

Aldis Gobzems withdraws his government offer extended to political parties

Latvian prime minister candidate Aldis Gobzems from KPV LV has decided to withdraw his government offer extended to political parties. He plans to invite non-party professionals to the new Cabinet of Ministers. «If my proposed government composition is not approved, I will ask President Raimonds Vējonis to announce emergency elections,» said Aldis Gobzems.

Estonian private clinic is facing criminal investigation

Estonian prosecutors have opened a criminal investigation against Medita Klinik, a leading competitor in public procurement tenders in Estonian health care. Estonian Northern District Prosecutor's Office has initiated the investigation in accordance with the Penal Code section concerning the transmission of false information, according to ETV investigative show Pealtnägija.

Meat consumption in Sweden continues to drop significantly

Meat consumption in Sweden is at its lowest level since 1990 and continues to decrease, data by the Swedish Board of Agriculture showed.

Medieval cemetery found in Old Riga in front of the Saeima

Results of archaeological digging performed at St Jacob’s Church in Riga in summer and autumn turned out rather surprising. This is because these results reminded researchers of a forgotten fact – that there had once been a large cemetery near the Jacob’s Cathedral in the Medieval Age. Remains of this cemetery are located basically in front of the Saeima’s front doors, in fact.

French authorities send 89 000 security workers before weekend protests

The French government has said it has ordered 89,000 members of the security forces to be deployed nationwide during anti-government protests on Saturday, December 8, in a reaction to violent riots in Paris and elsewhere in the past few weekends.

SRS dismantles criminal group that caused losses worth EUR 250,000 to state budget

Latvia’s State Revenue Service’s Tax and Customs Police has dismantled a criminal group that has caused damages worth EUR 250,000 to the state budget.

At UN climate conference, deep divisions obstacle to global deal on action

At the UN climate change conference in Poland, splits are deep between rich nations against poor ones as well as oil exporters against vulnerable island nations in the efforts to reach a common agreement on hard-to-achieve action to keep global warming at 1.5 degrees Celsius.

Newest comments