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Thursday, 22.05.2025, 05:47
Probe into suspected squandering of EUR 3.7 mln at Lithuanian Post launched
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Transport and Communications Minister Rokas Masiulis says
traces of an audacious scheme for profiting at the state's expense have
been detected at the state postal company.
"We opened the pre-trial investigation regarding
possible squandering of assets on December 28," STT
spokeswoman Renata Endruzyte confirmed.
She said the anti-corruption agency had no suspects in the
probe yet, but gave no further details.
The Transport and Communications Ministry said on
Thursday that STT had started an investigation on suspicions that Lietuvos
Pastas' former executives, whose names are not revealed, might
have squandered around 3.7 million euros' worth of the company's funds
between 2012 and 2016.
According to the ministry, the former executives established
a subsidiary named LP Mokejimu Sprendimai (LP Payment Solutions), loaned
its funds and set up a scheme for bypassing the management board's control
mechanisms in concluding transactions.
Lietuvos Pastas was the sole shareholder of LP Mokejimu
Sprendimai and Lina Minderiene, the then CEO of the state postal group, was its
director.
Minderiene was sacked in August 2017 for inadequately
implemented money laundering prevention measures.
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