Several former high-ranking ABLV Bank employees charged with laundering EUR 2.1 billion

• Published date: 21 July 2022
• Publication title: LETA

RIGA, July 21 (LETA) - The prosecutor's office has handed over to a court a criminal case in which several former high-ranking ABLV Bank employees are accused of laundering a total of EUR 2.1 billion, LETA learned on Thursday.

In the criminal case, a total of eight persons are accused of working together to launder large amounts of money, the prosecutor's office informed LETA.

During the pre-trial investigation, it was established that the group of eight persons created money laundering infrastructure that they used between May 1, 2010 and February 15, 2018 to legalize financial assets obtained by other persons abroad in the amount of no less than EUR 263,538,182 and USD 948,641,578.65 (EUR 1,912,737,857).

Five persons accused in the criminal case were high-ranking employees at ABLV Bank at the time. LETA has information that these persons are former co-owner of the bank Ernests Bernis, former vice-chairman of the board Vadims Reinfelds, as well as Aleksandrs Paze, Igors Rogovs and Kaspars Dreimanis.

The case will be reviewed by the Economic Affairs Court.

s reported, the Finance and Capital Market Commission...