Baltic States – CIS, Banks, Financial Services, Latvia, Legislation

Aiga Eduka, a spokeswoman for the prosecutor's office, told LETA that prosecution has been ordered, and decisions pertaining to five individuals have been taken. These individuals are yet to be informed about them, which is why the prosecutor's office cannot answer any further questions.

The prosecutor's office also decided to suspend charges against another individual, as a separate lawsuit will be filed and the investigation is still ongoing.

The prosecutor's office declined to reveal the names of these persons, however LETA already reported that the State Police have handed in the Krajbanka case to the prosecutor's office, requesting prosecution against the bank's former director Ivars Prieditis, former owner Vladimirs Antonovs, and former board members over misappropriation of EUR 90 million.

As reported, these persons are suspected of misappropriation of EUR 90 million, official misconduct, money laundering, and creative accounting. A total of six persons are accused in the case – the organizer of the scheme, executor, and four accomplices.