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Aivars Lembergs: One of Latvia’s richest men is jailed for bribery and money laundering

9News Nigeria
Last updated: February 24, 2021 9:33 am
By 9News Nigeria
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Ventspils pašvaldības vadītājs Aivars Lembergs ierodas uz AS Latvijas elektriskie tīkli apakšstacijas Ventspils projekta Kurzemes loks posma Grobiņa  Ventspils jaunā 330 kV elektropārvades līnijas svinīgo ekspluatācijā ieslēgšanas pasākumu
Ventspils pašvaldības vadītājs Aivars Lembergs ierodas uz AS "Latvijas elektriskie tīkli" apakšstacijas "Ventspils" projekta Kurzemes loks posma Grobiņa – Ventspils jaunā 330 kV elektropārvades līnijas svinīgo ekspluatācijā ieslēgšanas pasākumu.
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One of the most influential figures in Latvian politics has been sentenced to five years in prison for corruption.

Aivars Lembergs, the mayor of the city of Ventspils since 1988, was convicted by a court in Riga on Monday of bribery and money laundering.

The wealthy businessman was immediately arrested after the sentence and fined an additional €20,000.

The court ruled that he must pay damages against several individuals and former business rivals, and confiscated a number of Lembergs’ assets, which are believed to amount to several million euros.

Property seized included offshore shell companies, shares, bank accounts, real estate, cars, jewellery and even a small trailer for his vehicle, the court said. The decision brings an end to the longest criminal trial in Latvia’s recent history.

Aivars Lembergs  One of Latvia's richest men is jailed for bribery and money laundering
Aivars Lembergs was a prime minister candidate for the Union of Greens and Farmers

Lembergs – who denied the charges – intends to appeal the decision, describing the trial as a political reckoning.

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The 67-year-old oligarch was first investigated by Latvian authorities in 2007 and was accused of more than 40 corruption offences.

Lembergs is considered one of the richest men in Latvia and repeatedly stood as a candidate for Prime Minister as part of the Union of Greens and Farmers.

Many of his corrupt activities were said to have taken place during “transit wars” in the 1990s, where business rivals looked to trade with Russian oil and fertilisers through the country’s second-largest port.

In 2019, the United States Treasury Department linked Lembergs “directly or indirectly” to bribery linked to public contracts and his private property, and imposed sanctions on the Ventspils port authority. He was found guilty of 19 of the total 40 charges on Monday.

Lembergs’ son, Anrijs, and business partner, Ansis Sormulis, were also sentenced to two years in prison and had their assets confiscated, for being accessories to racketeering and for laundering illegally obtained money.

Source: EuroNews

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9News Nigeria is Nigeria's favourite news source. For Authentic, Unbiased News on Politics, Business, Sports, Technology, Entertainment and Lifestyles, Health, Nollywood, Crime and Investigations, Family and Relationships, Inspirations .. and much more. For Latest News from Africa and around the world, 9News Nigeria is your best source. WhatsApp +2348115805632 Email: [email protected] Facebook: www.facebook.com/9NewsNG | Twitter/Instagram: @9newsng
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