Posts tagged as ABLV

Latest ABLV investigation involves nearly 400,000 euros

Monday, June 22, 2020

A total of 374,882,245 euros, including cash, financial instruments and real estate have been arrested in the criminal procedures into ABLV Bank investigated by the Economic Crime Control Department (ENAP) of the State Police, the LETA newswire reported June 19, citing police as the source. The police noted that on on June 13, 46 searches were conducted and eight persons were detained, who were interrogated and released. No security measures were…

Former private banker detained in ABLV case

Thursday, January 30, 2020

A court has ordered the detention of Andris Ovsjaņņikovs, a former ABLV Bank private banker in connection a €50 million laundering case, reports Latvian Radio. On Thursday, January 30, Ovsjaņņikovs was taken to court after prosecutors in the case requested that he be held in custody while investigations continue. Regsitry information indicates that Ovsjaņņikovs is a board member of Manat, which in 2018 had a turnover of 2,583,146 euros. Belarussian citizen Darya Terekhina owns…

Group of six suspected of ABLV money laundering crimes

Wednesday, January 29, 2020

Six persons are involved in the criminal case on laundering at least EUR 50 million, during which searches were conducted at ABLV Bank January 28, the LETA newswire reported. The prosecutor’s office did not reveal information about the exact status of the six and whether a criminal procedure has been launched against them. All the persons are in Latvia, said Laura Majevska, a representative of the prosecutor’s office. Majevska revealed that searches were also…

FCMC approves methodology for ABLV Bank’s liquidation

Thursday, March 7, 2019

The Financial and Capital Market Commission (FCMC) at an extraordinary meeting on Wednesday approved the methodology for screening the creditors of ABLV Bank for the bank’s self-liquidation, FCMC spokeswoman Ieva Upleja reported LETA. ABLV liquidator Arvids Kostomarovs told LETA earlier that payments to creditors will be started not sooner than 2-3 months after FCMC approves the methodology. As reported, the European Central Bank annulled ABLV Bank’s license in July 12, 2018.…