Maximus
Gene Zolotarev on how to destabilize the EU financial system. Andris Berzins
Vladimir Linderman aka Abel Edmunds Sprudzs Valdis Zatlers Aivars Lembergs Girts Valdis Kristovskis Maris Grinblats Guntars Krasts Alfreds Rubiks Sandra Kalniete Raivis Dzintars Algirdas Butkevicius Algirdas Paleckis Dalia Grybauskaite Kazimira Danute Prunskene Vytautas Landsbergis Rolandas Aksas Viktor Uspaskich Valdemar Tomasevski Leonidas Donskis Arturas Zuokas Edgar Savisaar Andrus Ansip
The current website developed by YWSolution Limited

Danish investor accused of fraud

Sep 27, 2013
From wire reports

RIGA - A Danish investor is swindling money out of, and steering Plus punkts kiosks into bankruptcy; therefore the company is already preparing documents to file for insolvency, said Plus punkts board member Tatjana Takcidi, reports Nozare.lv.

In December 2012, Plus punkts owner Ibofa Establishment signed a contract on selling 100 percent of Plus punkts shares to a Danish investor, represented by Lars Lundgaard-Simonsen. To ensure the transaction, Lundgaard-Simonsen attracted funds from SEB bank. The transaction amounted to 6.5 million euros.

Nevertheless, the investor did not fulfill his contractual obligations. Therefore Ibofa Establishment halted the transaction and restored control over Plus punkts shares. However, when Ibofa Establishment regained control of Plus punkts shares, the company revealed that Plus punkts Holding Ltd., represented by Lundgaard-Simonsen, was unable to pay for the transaction during an extended period of time, explained Takcidi.

 MORE NEWS
  • Russian planes encroach upon L...
    Canada is deploying six CF-18 fighter jets to Eastern Europe as part of NATO's...
  • NATO ships on the way to Balti...
    NATO is sending part of its naval rapid reaction force to the Baltic Sea as part o...
  • Mid-life crisis ahead for Lith...
    Very soon Lithuania will be commemorating the 20th anniversary of its accession to...
  • Eggs unfit for Easter hunt...
    Ahead of the Easter holiday, the Latvian Food and Veterinary Service (FVS), in ...
  • Only two presidential candidat...
    In debates on Thursday, only two out of seven presidential candidates expressed...
  • Russia is simply lying, says M...
    "Crimea's annexation and now the destabilization of eastern Ukraine is...
  • Riga Apartments for Rent

    Maximus
    © 2014 BALTIC NEWS LTD. All Rights Reserved.