Financial Services, Insurance, Latvia, Legislation, Real Estate

Iveta Daugule (left).

According to the indictment, Daugule in June 2008 concluded a property insurance contract with If, stating in the contract that her home in Jelgava District's Cenas County included assets that she actually did not possess, writes LETA.

In November 2008, Daugule's home burned down, and, according to her statement, the fire completely destroyed all the was inside the house – a billiards table, LG and Samsung plasma televisions, four chandeliers of Venetian crystal, a valuable wooden cabinet, various furs, expensive furniture sets, etc.

Shortly before the fire, Daugule signed several additional agreements with the insurer to extend the coverage to nearly LVL 700,000 by insuring additional fictitious properties and assets.

Investigation established that none of the assets listed in the contracts were actually inside the house when it burned down. Daugule also could not prove their existence.

If has more than 322,000 clients in the Baltic countries. If belongs to one of the largest Nordic financial groups – Sampo.