Elkor investigated for money laundering

  • 2011-06-17
  • TBT Staff

RIGA -- Latvian police have announced that they have launched a criminal investigation into money laundering at Elkor, one of the country's largest department store chains.

State Police Chief Artis Velss announced on Latvian Radio that so far three people have been detained in the case.

Elkor is a major chain that sells primarily electronics and clothing. It employs around 800 people and has an annual turnover of tens of millions of lats.