Eesti in brief - 2008-10-29

  • 2008-10-29
Four people, including a 14-month-old girl, were murdered on Oct. 21 in northeastern town of Kohtla-Jarve. Police have said that they believe the recent horrific quadruple murder was the result of a domestic dispute. Evidence shows that it could have been the head of the family, Ilja, who seized the knife and stabbed both his girlfriend and her friend to death, the prosecutor's office told reporters. The stab wounds of the fourth victim, the 14 month old girl, suggest that the infant was probably not deliberately killed but sustained wounds during the adults' struggle. Preliminary investigation indicates that Ilja committed suicide after killing the three others, stabbing himself in the neck. A forensic examination will determine the victims' time of death, but initial observations indicate the killings took place shortly before police arrived at the scene.

According to the Tallinn's financial director, Katrin Kendra, considering that the market cost of city's investment portfolio in the shares of SEB Liquidity fund has fallen to 13 percent, the city can reflect on the bank change.  According to Kendra, the city is the only self-government which had its shares in SEB Liquidity fund, but because there is not enough information on which property exactly and in what measure it has been overestimated, she is not able tell now whether the city will keep its shares in the fund. On Oct. 27 SEB bank has decreased per share price of its less risky Liquidity Fund. One of the reasons is assumed to be lame investment in the dept papers of Iceland banks. Before the bank was positioning this fund as the less risky one, on which is almost impossible to lose money.