Posts tagged as embezzlment

Police pursuing large-scale company embezzlement case

Tuesday, June 8, 2021

According to Latvian State Police, it has submitted a criminal case to the Riga Court District Prosecutor’s Office in connection with the suspected embezzlment of approximately 7.9 million euros. The case centers on an unnamed company which, the police suspect, was intentionally run into bankruptcy. The information obtained during the investigation shows that a member of the company’s board of directors loaned money to other companies controlled by his family on…