LT: Finance police raids one of markets in Lithuania.

By bne IntelliNews October 13, 2011
Financial crime agency has started raids in one of the largest markets in Lithuania Gariunai, arresting more than 60 people and raiding around 120 retail places in the market. The investigators indicate that the raids helped to identify 4 well organized crime groups that could have hid taxes in amount of up to LTL 10mn (EUR 2.9mn). The investigators also raided one bank in Lithuania, which name remains undisclosed. The investigators pointed out that goods were found with value of LTL 5.0mn, which were acquired without any documentation, as well as cash in amount of LTL 1.2mn, which has been earned from crime activities.

Related Articles

EE: Estonian Air records EUR 49.2mn loss in 2012.

Estonian national airline Estonian Air recorded net loss of EUR 49.2mn in 2012, up from net loss of EUR 17.3mn in 2011. Operating loss amounted to EUR 35.8mn in 2012. Revenues of the company ... more

LT: Malsena acquires Latvian flour manufacturer Rigas Dzirnavieks.

Lithuanian flour manufacturer Malsena announced that it has acquired Latvian flour manufacturer Rigas Dzirnavieks. The company indicates that with the acquisition it will become the largest flour ... more

EE: Estonian Air to return excess Embraer airplanes.

Estonian national airline Estonian Air announced that it agreed to pay penalties for returning two excess Embraer E190 aircrafts to the manufacturer. The company has started restructuring and ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss