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Latvian police prosecute bankruptcy trustees for embezzlement of over € 1.4 million-BalticNewsNetwork

Latvian state police have demanded criminal charges for bankruptcy trustees for embezzlement of more than € 1.4 million, as confirmed by police.

During a pretrial investigation, police said that a bankruptcy trustee born in 1957 and his authorized representative born in 1977 were in bankruptcy proceedings as bankruptcy trustees between 2009 and 2018. I found. During this process, they embezzled € 1438785 worth of money.

Police were unable to track the remittances made by the bankruptcy trustee and his assistants and how the cash was used in connection with certain bankruptcy proceedings.

The investigation provided information that the money was used improperly and violated bankruptcy law.

Police also concluded that those involved in bankruptcy proceedings alienated three real estate properties. The money illegally executed by this person (71,800 euros) is sent to the account of a company based in Germany, which is used to purchase Porsche Panamera, which is later used by an authorized representative. It was laundered.

On May 27, the Economic Crimes Enforcement Department sent a criminal case to the Riga Court District Prosecutor’s Office to end the investigation and initiate criminal charges for the two men in accordance with the criminal law section on embezzlement, massive fraud, and money. rice field. Washing.

Both suspects were offered security measures without deprivation of liberty and their property was arrested.

https://bnn-news.com/police-in-latvia-to-prosecute-insolvency-administrators-for-embezzlement-of-more-than-eur-1-4-million-235354 Latvian police prosecute bankruptcy trustees for embezzlement of over € 1.4 million-BalticNewsNetwork

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