EU – Baltic States, Financial Services, Legislation, Lithuania, Markets and Companies, Telecomunications

It is preliminary estimated that the mob's shadow trade over several years accounted for over LTL 10 million (EUR 2.9 million) but relevant taxes were not paid to the state budget.

The organised mob is currently under investigation. They are suspected of disguising their criminal acts and legalising the money acquired in an illegal manner through offshore companies.

The group was engaged in trading luxury mobile phones and precious metals without proper accounting documents.

"Both activities were related to the EU member-states, also the Eastern countries in our vicinity," said Dainius Barsauskas, head of the FNNT Vilnius Regional Board. He also confirmed that a well-known businessman Vadim Kastujev, former president of the football club Zalgiris, is among the suspects.