Banks, Financial Services, Latvia, Legislation

International Internet Magazine. Baltic States news & analytics Saturday, 04.07.2020, 05:44

Almost EUR 375 mln arrested in criminal procedures involving ABLV Bank

BC, Riga, 19.06.2020.Print version
EUR 374,882,245, including cash, financial instruments and real estate have been arrested in the criminal procedures in ABLV Bank investigated by the Economic Crime Control Department (ENAP) of the State Police, LETA learned from the police.

The police noted that on on June 13, 46 searches were conducted and eight persons were detained, who were interrogated and released. No security measures were applied.


The State Police reminded that ENAP has launched more than 50 criminal procedures on possible money laundering, using separate accounts at ABLV Bank and the infrastructure in general. Many of the criminal procedures are related with criminal activities of separate ABLV Bank customers. Ten criminal procedures are launched with signs that bank employees, separately or in a group, provided support to money laundering.


The bank's lawyer Janis Rozenbergs told LETA earlier that, in the bank's opinion, the searches conducted in the bank last weekend had had no substantial reason because "the bank in this and other criminal procedures is cooperating with law enforcement institutions and providing all the necessary information".


As reported, the State Police (VP) at weekend, in cooperation with other authorities, conducted 40 searches in connecting with a money laundering probe and detained several persons. All detained persons have already been released.


State Police spokeswoman Simona Gravite confirmed to LETA that the State Police, in a previously initiated criminal process of ENAP for large-scale money laundering, in cooperation with the Special Prosecutor's Office for Organized Crime, the Financial and Capital Market Commission, State Revenue Service the and information technology security incident prevention institution Cert.lv, conducted more than 40 searches in various places in Riga and the Riga region.







    Search site