Latvian authorities asked to commence criminal process on raiderism at Olainfarm
Signe Baldere-Sildedze, guardian of former Olainfarm owner Valerijs Maligins’ youngest daughter Anna Emīlija Maligina, and Maligins’ other daughter Nika Saveļjeva have turned to law enforcement institutions with a request to commence a criminal process in relation to acts of raiderism, abuse of official power and fraud.
The application mentions a request to protect Olainfarm’s, its shareholders’ and heirs’ interests because events of the last several days demonstrated that there are clear intentions of certain people to forcefully take over this company.
«Through illegal means people with questionable reputation and criminal past have ended up in the management of Olainfarm. They do not hide their intentions to use corrupt means to influence courts and investigative institutions. There are reasons to believe the goal of this take-over is robbing the company of its assets in favour of some third party for a price lower than assets’ market value,» as mentioned in the application submitted by Baldere-Sildedze and Saveļjeva.
They also mention that as a result of his hostile take-over, Olainfarm may be robbed of its finances, causing considerable damage to all shareholders and putting at risk the company’s future, something all members of the company’s council and board are personally responsible for.
In their application, Baldere-Sildedze and Saveļjeva ask authorities to commence a criminal process against an organized group.
As of Tuesday, 11 September, Baldere-Sildedze is no longer a council member in Olainfarm. In her statement to the media, Baldere-Sildedze mentioned that she left her post because she believes it to be «impossible to continue working in Olainfarm council with the current team there».
On 4 September, changes were added to Olainfarm’s council. In accordance with the decision made by shareholders, Ivars Kalviņš, Milana Beļeviča and Ivars Godmanis were excluded from the council. They were replaced by Pāvels Rebenoks (as chairman of the council), Mārtiņš Krieķis and Daina Sirlaka. Maligina and Baldere-Sildedze remained in the council after this. Kalviņš later said that the Competition Council may look into Krieķis’ appointment to Olainfarm’s council, because he is in a direct conflict of interest. «Likely the Competition Council could look into this, because Mr. Krieķis also works in the management board of Kirov Lipmans’ owned AS Grindeks,» he said.
At the same time, Lipmans has said multiple times that he has no interest in participation or investment in Olainfarm, because he is allegedly not interested in this company. «In the six months that have passed since the last time I’ve had to respond to such unjustified public claims, nothing has changed. My plans for the future are associated with Grindeks, which is already developing rapidly as a business,» said Lipmans. Rebenoks and Krieķis also denied allegations regarding a conflict of interests in Olainfarm – both lawyers stressed it is an attempt to associate different people with one another simply because a single law firm was picked. «There is no substance to blurry assumptions regarding an alleged conflict of interests. Rebenoks un Vilders law firm and its partners have strictly complied with the Latvian Sworn Attorneys Ethics code and International Attorneys’ Association International Code of Ethics for Attorneys,» as mentioned in the lawyers’ announcement.
Turnover of Olainfarm concern in the first six months of 2018 was EUR 61,844 million, which is 1.4% less than the previous year. Olainfarm’s revenue has grown 1.5%, reaching EUR 5.786 million.