The case for the alleged breach of EU sanctions against Russia by the owner of the Baltic media-powerhouse which distributes popular Russia's TV channels may end up being heard in court behind closed doors.
After almost a year of haggling Latvia’s financial sector supervisors have finally agreed how they will probe cleanliness of funds at ABLV, the bank which is about to be wound up following allegations of institutionalized money laundering. This process has gathered dark clouds on the horizon for Pēters Putniņš, Latvia’s chief financial supervisor.
The new data leak from tax haven Panama for the first time reveals approximate value of assets owned by Liga Lemberga, the daughter of a Latvian oligarch Aivars Lembergs.