Latvia to in­ves­ti­gate defama­tion of Lat­vian fi­nan­cial sec­tor

Baltic News Network - - News -

At the re­quest of the ABLV Bank, which is cur­rently sub­ject to liq­ui­da­tion, Lat­vian crim­i­nal po­lice has opened pro­ceed­ings over spread­ing false in­for­ma­tion on the sit­u­a­tion of the Lat­vian fi­nan­cial sec­tor, ac­cord­ing to the chief of the Lat­vian State Po­lice, Ints Ķuzis. Ķuzis ex­plained that in the sub­mis­sion re­ceived from the ABLV Bank, there are a num­ber of facts that can­not be ver­i­fied with­out open­ing crim­i­nal pro­ceed­ings.In the crim­i­nal pro­ceed­ings, the goal is to es­tab­lish if the Sec­tion 194, Para­graph one of the Lat­vian Crim­i­nal Law has been vi­o­lated.

It sets forth the pun­ish­ment of a per­son who com­mits the putting into cir­cu­la­tion of fi­nan­cial in­stru­ments of a le­gal per­son be­fore the le­gal per­son has com­menced ac­tiv­ity or with­out reg­is­tra­tion of fi­nan­cial in­stru­ments as laid down in the law, or know­ingly pro­vid­ing false in­for­ma­tion re­gard­ing pub­lic is­sue of fi­nan­cial in­stru­ments. Artūrs Eglītis, the spokesman for ABLV Bank, added the bank be­lieves that in a Fe­bru­ary 13 state­ment by the U.S. Fi­nan­cial Crimes En­force­ment Net­work, false in­for­ma­tion has been used about bribery claims in re­la­tion to the bank.

Also, in the state­ment, im­por­tant in­for­ma­tion of about the bank’s progress of the re­cent years in pre­vent­ing money laun­der­ing and ter­ror­ism fund­ing has not been taken into ac­count, be­lieves ABLV Bank.

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