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Magonis released on bail posted by his spouse
BC, Riga, 12.10.2015.
Print version
Print versionCity of Riga Vidzeme District Court has received a notice confirming that the EUR 400,000 bail bond has been posted for the release of Latvijas Dzelzcels former CEO Ugis Magonis, as the court informed LETA.
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This means that Magonis will be released from Riga Central Prison today.
Magonis' attorney Janis Rozenbergs told LETA that the bond was paid by Magonis' wife, who borrowed the money from several persons. The attorney declined to reveal names of these persons.
As reported, the court decided last Thursday to give permission to release Magonis on EUR 400,000 bail.
This could be by far the largest bail amount set in Latvian history. In 2010, the bail for the former head of joint-stock power utility company Latvenergo Karlis Mikelsons was set at EUR 71,143. The same bail amount was also set for the former mayor of Jurmala Raimonds Munkevics in 2010.
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