Latvian “businessman” Julijs Krumins has recently made some interesting confessions regarding his corrupt activities.
Besides general statements about how Andris Skele and Aivars Lembergs have been bribing and looting the government for many years, he also said a few things that tie in with the pyramid fraud at Parex Bank. The decision of the Vienotiba political party to fraudulently cover-up the fraud at taxpayer expense rather than expose the fraud and try to recover the stolen money resulted in Latvia’s economic and demographic collapse.
Krumins claims that he bribed former KGB agent and Port of Riga boss Leonids Loginovs, who was caught in corrupt deals involving Parex Bank but was never prosecuted and still retains his position today even though the government claims it is now cleaned up.
But more importantly, Krumins says that he illegally funded Inguna Sudraba and Jorens Raitums’ political party “No Sirds Latvijai.” Sudraba and Raitums were on the Parex Bank credit committee for several years prior to the Parex bailout when it was learned that a lot of the loans they approved would never be paid back, having funded several notorious oligarchs and bribes to Latvian politicians (Daimler, Alstom, etc.).
After the implosion of Parex and before the founding of “No Sirds Latvija,” Sudraba and her friend Aivars Veiss (former State Treasurer who organized trades in which millions of euros of Treasury money disappeared) left Parex and were chosen by Vienotiba to hold important government positions. She became State Auditor (responsible for investigating the loans at Parex which she approved herself, not surprisingly she didn’t find any problems) and he became Head of the Latvian Post Office.
We wish this earlier history appeared in the articles now being published about Krumins, Sudraba, and Raitums…