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Friday, 13.06.2025, 23:55
Riga Court declares People's Party insolvent
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Valerijs Andrejevs has been appointed by the court as the
insolvency process administrator.
Today's court ruling cannot be appealed, Jaksons added.
As reported, the People's Party filed for insolvency at the end of November.
The party's insolvency petition was initially put on hold by the court as the
party had not submitted all the necessary evidence and had not paid the LVL 50
duty for filing the petition.
LETA also reported, the liquidator of
the People's Party, the party's former secretary general Ramona Pitena previously told LETA
that People's Party's account currently holds about LVL 3,000.
The Corruption Prevention Bureau has ordered the People's Party to transfer to
the state budget LVL 1.03 million, which the party received and spent illegally
on the party's "positivism campaign" in 2008.
On September 22, the Supreme Court's Senate upheld the Administrative District
Court's November 25, 2010 verdict and ordered the People's Party pay LVL 1.03
million to the state budget.
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