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Court finds EUR 29 mln worth of frozen assets to be proceeds from crime
BC, Riga, 14.10.2019.
Print version
Print version The Criminal Division of Riga Regional Court last week overruled a decision of the Riga City Vidzeme District Court and recognized EUR 29 million worth of frozen assets to be proceeds from crime, Laura Majevska, a representative of the Prosecutor General's Office, told LETA.
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The money in question has been frozen in non-resident accounts at Regionala Investiciju Banka. It will now be paid into the government budget.
On October 25, 2016, criminal proceedings were started over suspicions that several non-resident accounts at Regionala Investiciju Banka were used to launder large amounts of illicit money. The pre-trial investigation, which is conducted by the Economic Crimes Department (ENAP) of the State Police, is still ongoing.
The ruling of the regional court cannot be further appealed.
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