Police continue procedural activities in relation to possible money laundering through ABLV Bank

  • 2020-06-15
  • LETA/TBT Staff

RIGA - The State Police today continued the procedural activities in relation to possible laundering of several hundred million euros through ABLV Bank.

The State Police did not provide any other details on the criminal procedure, just told LETA that procedural activities in relation to the criminal procedure continue.

The bank's lawyer Janis Rozenbergs told LETA that, in their opinion, the searches conducted in the bank at weekend had had no substantial reason because "the bank in this and other criminal procedures is cooperating with law enforcement institutions and providing all the necessary information".

He said that none of the bank's employees is a suspect in the present criminal case.

As reported, the State Police (VP) at weekend, in cooperation with other authorities, conducted 40 searches in connecting with a money laundering probe and detained several persons. All detained persons have already been released.

State Police spokeswoman Simona Gravite confirmed to LETA that the State Police, in a previously initiated criminal process of the Economic Crime Department for large-scale money laundering, today, in cooperation with the Special Prosecutor's Office for Organized Crime, the Financial and Capital Market Commission, State Revenue Service the and information technology security incident prevention institution Cert.lv, conducted more than 40 searches in various places in Riga and the Riga region.