Wednesday, April 21, 2021

Head of ABLV Belarusian unit arrested in €50 million money laundering case

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Law enforcement agencies have detained the former head of the Belarusian office of the Latvian bank ABLV. The information was announced on the air of the De Facto program on the Latvian Television (LTV).

According to the Latvian journalists, Yauhen Tsyarokhin, who had been heading the Belarusian representation of ABLV for 14.5 years, was detained.

Belarusians Syarhei Likhtarovich and Syarhei Lashakou and others are also among the defendants in the case.

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The detention took place in the case of €50 million laundering. According to it, an organized group that included representatives of several states, laundered large sums of money from 2015 to 2018.

The office of ABLV Bank in Latvia was searched. Twelve people were detained.

The investigation is currently underway in Latvia and Belarus.

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