LV: Latvian bank accused of tax fraud in France-source.

By bne IntelliNews December 17, 2012
An unnamed Latvian bank is accused of tax fraud and manipulation in France in the case of the France Offshore internet service, delfi.lv reports citing AFP. The website that proposes offshore accounts registration and services features a video of its founder visiting Latvia and meeting with representatives of the Rietumu Banka and then-EconMin Atis Kampars, advertising Latvia as good tax and investment haven, supported by favourable residency rules for investors. Rietumu Banka already denied being accused by French Authorities, but informed BNS that in the case of the investigation an employee of the bank was questioned.

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