Prosecution seeks four-year sentences for former LDz CEO Magonis and Estonian businessman Ossinovski

  • 2020-04-24
  • LETA/TBT Staff

RIGA - The prosecutor is seeking jail sentences of four years for Latvijas Dzelzcels (Latvian Railways; LDz) national rail company's former CEO Ugis Magonis and Estonian businessman Oleg Ossinovski who are being tried in Latvia for bribery, LETA was told at the prosecutor's office. 

The prosecution is also demanding confiscation of Magonis' property and a five-year ban on holding managerial positions in state-owned and municipal enterprises. 

The prosecution is not asking for any additional penalties for Ossinovski. 

The prosecution is also asking to recognize the EUR 499,500 worth of cash seized at the time of the two suspects'  arrest as proceeds from crime and pay it into the government budget. 

The defendants' lawyers are due to present their arguments at the next court session.  

As reported reported, the Corruption Prevention Bureau officers detained Magonis in the summer of 2015. He is suspected of accepting a EUR 500,000 bribe from Estonian millionaire Oleg Ossinovski so that Latvijas Dzelzcels subsidiary LDz Ritosa Sastava Serviss would purchase four old locomotives for several million euros from Ossinovski's company Skinest Rail.

Both Magonis and Ossinovski have both pleaded not guilty of the charges brought against them. The Estonian millionaire has admitted giving the money to Magonis, but for an entirely different purpose.