Maximus
Barcelona city tours is a perfect opportunity to have a perfect vacation outside the Baltic States. 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
  • Top travel site names Lithuani...
    Lithuania has been named a top travel destination in 2015 by leading travel websit...
  • Estonia pioneers e-residence s...
    Estonia will issue identity cards allowing access to its digital services to peopl...
  • EU upholds sanctions against R...
    The EU has agreed to furthering sanctions against Russia amid the crisis in the Uk...
  • Latvia lingerie firm opens fir...
    A Latvian lingerie firm has opened a store in the most unlikely of countries......
  • Popular music festival in Latv...
    Latvia's popular New Wave music festival could relocate to Russia following...
  • Dutch warships dock in Estonia...
    Four Dutch warships have docked in Estonia today to carry out joint NATO air ex...
  • Riga Apartments for Rent

    Maximus
    © 2014 BALTIC NEWS LTD. All Rights Reserved.