Crime, Latvia, Legislation, Real Estate
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Friday, 29.03.2024, 07:15
Prosecutor's office arrests property of Spruds family's company, bringing Skanste neighborhood development project to a halt
Riga City Council's Property Committee approved purchase of four land
parcels needed for the first round of the Skanste
neighborhood revitalization project. Three of these land plots belong Projekts B10 – a company that belongs to
Spruds and his family.
However, on August 22, 2018 the Riga City Council's Property Department
was notified by the prosecutor's office that property of Projekts B10, including the land plots, had been arrested.
Projekts B10 belongs
to Spruds, his brother, father and sister. The company was founded in 2007 and
deals with renting out real estate. In 2017, the company posted 20,519 euros in
losses.
The total value of the three land plots that the Riga City Council wanted
to buy from Projekts B10 is 443,905 euros.
Jana
Grinhofa from the Riga City Council's Development Department told that the
project would be impossible to implement without buying the land plots. If so,
the project will have to be revised - otherwise it will not be co-financed by
EU funds. The project is to be carried out by the end of 2022.