Latvia to investigate defamation of Latvian financial sector
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.