A rumor has been going strong in Latvia for two decades: Parex Bank is the successor to the KGB in Latvia.
Parex obviously controls the Latvian government since the unnecessary Parex bailout is the highest-priority spending item in Latvian history.
If Parex controls the Latvian government, and Parex is the KGB, then doesn’t that mean…
It is easy to get former Parex employees to discuss the bank’s KGB connections when talking in private over a beer. But, it is difficult to get this information in writing. Here is one rare example, from the former Parex representative to Estonia.