Gold bars, securities and millions of euros seized in criminal cases investigated by Corruption Prevention Bureau last year

  • 2020-01-23
  • LETA/TBT Staff

RIGA - Gold bars, securities and millions of euros were seized in criminal cases investigated by the Corruption Prevention Bureau last year, as the bureau informed LETA.

19 real estate properties, five gold bars worth about EUR 100,000, automobiles, cash and securities worth more than EUR 4.4 million were seized in these cases last year.

In six criminal proceedings, 39 decisions were made on arrest of financial assets or properties, including in other countries. As a result of legal aid requests from other countries, four persons' financial assets or properties were arrested in Latvia.

Also in 2019, the Corruption Prevention Bureau provided substantial support for the State Police's Economic Crime Department and the Prosecutor's Office, as a result of which EUR 29 million was seized and transferred to the state budget from non-resident accounts in Regional Investment Bank.

The Corruption Prevention Bureau also points out that it initiated 47 criminal proceedings last year. This is 24 percent more than in 2018, and the number of proceedings launched in 2019 is the highest over the last ten years.

In criminal cases that the Corruption Prevention Bureau had turned over to courts, ten persons were convicted last year, of which five were handed down prison sentences of 27 years in total. Seven persons were fined for a total of EUR 107,500, four were sentenced to community service.