Oligarchs Kargin and Koval still at it

The collapse of Latvian and Estonian payday lender MiniCredit shows that banking oligarchs Valery Kargin and Dmitri Koval are still at it, not slowing down their activity even after Kargin’s Parex Bank was revealed as a pyramid fraud and then fraudulently bailed out by the corrupt Latvian government.

Apparently Kargin and Koval worked with Rolands Petersons of PrivatBank, which was also a pyramid fraud, to license MiniCredit in Latvia and Estonia and amazingly given their histories were granted licenses.

They then opened a bank account at Citadele Bank, which is a successor to Parex and still apparently controlled by Kargin since his top offshore banker Valery Hudorozhkovs is still there.

A large amount of money was somehow run through MiniCredit’s account and then disappeared.  Some of this was presumably from low-income clients with payday loan accounts.  And perhaps some of it was from Russians running money through the accounts for laundering purposes, given the size of the withdrawals relative to the size to the company’s legitimate activities.

An interesting detail of this case is about Koval, whose Saules Bank of Latvia was caught laundering money although authorities never bothered to prosecute anyone.  Saules Bank is today merged into Rietumu Bank which is also a money launderer.

Just after Parex whistleblower John Christmas gave details of massive frauds at Parex to Latvian authorities in 2005, who ignored the information, Koval invited Christmas to meetings to discuss establishing a new bank in Latvia to serve Koval’s clients, who he described as Jewish billionaires in Moscow.  Koval wanted Christmas to be a front for the bank, making it seem like an American bank even though the clientele would be Russian.

Kargin and Koval don’t need Christmas to be their American front anymore since they found someone better.  Supposedly former Fed chief Paul Volcker is the owner of Citadele today, although we doubt Volcker has any clue what is happening there.

We continue to hope the EU and US authorities will wake up and realize that the Latvian government is running a racket to help Russians steal money from Europeans, Americans, and especially Latvians.

http://www.lsm.lv/en/article/economics/economy/payday-lenders-strange-transactions-uncovered-in-estonia.a221430/

Latvian connection to Trump dossier

The headlines all week have been about the Trump dossier which is a memo by ex-MI6 officer Christopher Steele containing unverified information that the Putin Regime has been blackmailing Donald Trump to allow Russia to attack Ukraine.

Part of the memo is about Alfa Group of Russia, which was closely linked to Parex Bank of Latvia.  Alfa Group oligarchs Mihail Fridman and Piotr Aven are close friends with Parex oligarchs Valery Kargin and Viktor Krasovitsky.  According to the media, Alfa was negotiating a purchase of Parex in 2007.  Alfa apparently decided not to purchase Parex and instead a billion euros of Parex assets disappeared and Parex liabilities were handed to Latvian taxpayers in 2008 as Parex’s offshore banking employees and clients were shifted to Citadele Bank and AB.LV.  The government made no attempt to recover the missing billion and didn’t bother to prosecute anyone despite clear evidence of massive frauds.

Aven in particular is well known in Latvia because he together with Russian oligarch Yuri Shefler control Latvijas Balzams.  When Latvian oligarch Andris Skele invited them to Latvia to become owners of this state company, there were approximately seven assassinations of Latvian citizens linked to the transaction.  Parex made illegal fraudulent loans to Latvijas Balzams which were never investigated.

The memo names Latvia as a country where Russia is bribing people.  This is consistent with the fact that Latvian politicians decided to give a quarter of the national budget to Parex in 2008/2009 thus causing the economic and demographic collapse of Latvia.  Still today there has been no investigation and the government is still lying that “Sweden” caused the collapse.

We welcome a whistleblower from within the UK/US intelligence agencies.  For many years, the UK/US intelligence agencies have been protecting Putin’s oligarchs by keeping information about their crimes secret.  Maybe now they can arrest the criminals instead of protecting them.

https://www.theguardian.com/us-news/2017/jan/12/intelligence-sources-vouch-credibility-donald-trump-russia-dossier-author

Privatbank nationalized, a repeat of the Parex saga?

The Ukrainian government announced on December 18th that it nationalized Privatbank.  According to the Kiev Post, the reason is because 80% of the loan portfolio is insider loans.  In other words, the bank was a pyramid fraud and the assets were stolen.  Now, Ukrainian taxpayers are expected to repay the bank’s deposits.

The numbers seem to indicate that the Ukrainian national debt could double from this.  It’s a repeat of the nationalization of Parex Bank which doubled Latvia’s national debt.

Privatbank maintains a subsidiary in Latvia that is specialized in money laundering.  Latvia is an excellent location for money laundering because (1) it is in the European Union and (2) the government is 100% corrupt and never enforces money laundering laws.

The big money laundering oligarchs, Valery Kargin and Viktor Krasovitsky of Parex and AB.LV in Latvia, Ilan Shor with several banks in Moldova, and Ihor Kolomoisky with Privatbank in Ukraine and Latvia, all appear to be friends with each other because often their money laundering schemes are done in cooperation.  They have now successfully destroyed the economies of all three countries.

We wonder when the international community will stop bailing out these frauds and instead force Latvia/Ukraine/Moldova to put these oligarchs in jail and take back the stolen money?

UPDATE: Government nationalizes PrivatBank, guarantees deposits

 

Documented: Parex Bank and Tambovskaya Mafia

Attached below is a document dated 29 May 2015 by the “Fiscalia Especial Contra la Corrupcion y la Criminalidad Organizada.”  It is the case prepared by Spain against Vladimir Putin’s Tambovskaya Mafia.  The Tambovskaya are involved in looting governments, international heroin trafficking, and murdering informants.  The wars in Chechnya and Ukraine in which tens of thousands of people were killed could also be blamed on Tambovskaya.

It was already known that Mikhail Rebo (sometimes spelled Rabo) was the main money launderer for Tambovskaya and his wife Tatiana Rebo was manager of the Parex Bank office in Berlin.  Now we have more details.

Parex Bank is mentioned in the document on pages 130, 137, 276, 277, 278, 379, 380, and 392.  Parex sister company International Overseas Services is mentioned on page 130.  Several other notorious Latvian banks are mentioned throughout.

Parex is mentioned again on pages 404, 405, and 406 including specific mention of Tatiana Rebo.  Throughout the document there are references of money going through Latvia and Germany, with Germany sometimes used to mean Parex Bank Berlin.

Page 429 mentions “Rabinovich” who owns a store in Riga.  This could be a reference to Parex shareholder Grigory Rabinovich who was a close friend of the Parex oligarchs.  When Parex was looted prior to the handover of Parex liabilities to European taxpayers, the bank made a fake unrecoverable loan to Rabinovich which seemed to be a refund of the money he paid to purchase Parex shares.  The other minority shareholders including Americans and Swedes didn’t get refunds.  Obviously this was illegal however nobody got punished except taxpayers.

On page 429 starts a discussion of “Chaika” who seems to be Russian General Prosecutor Yuri Chaika who is known to have laundered money through Latvia, and “Vova” who is Vladimir Putin.

The Latvian government and European Bank for Reconstruction and Development have been running a propaganda and disinformation campaign since 2009 to blame the disappearance of the assets of Parex on the United States and Sweden.  Even though it was already revealed in 2014 that the Latvia/EBRD/Parex bailout of 2009 was a cover-up fraud, most newspapers refuse to publish truthful articles and are still sticking with the United States/Sweden story.

The signer of the fraud, Valdis Dombrovskis, is now European Commission Vice President responsible for the integrity of the euro.  Another fraud organizer, Bank of Latvia Governor Ilmars Rimsevics, is on the council of the European Central Bank.  The ECB is the largest investor in Latvian bonds and Rimsevics knows that the bonds were issued fraudulently to bailout a Russian Mafia bank.  The only person Latvia prosecuted in connection with the fraud bailout was whistleblower Ilmars Poikans who exposed Rimsevics for paying a huge bonus to himself after organizing the fraud.

AL JUZGADO

 

Latvia Uzbek KGB Connection

Rebaltica has published articles about connections between Latvia and Uzbekistan.  The research is excellent.  Our only complaint is that Rebaltica continues to promote the myth that Parex Bank collapsed because of the Global Crisis when actually it collapsed because of internal fraud.  Also Rebaltica refuses to publish articles about the fraudulent 2009 Latvia/EBRD bailout of Parex even though the fraud was confirmed by the government in 2014.

The new articles are about “former” KGB agent Yuri Savitsky (Jurijs Savickis) who is Gazprom’s key man in Latvia, Kremlin-linked Parex Bank, and AB.LV which took over many Parex deposits after the EBRD bailout fraud, which all had relationships with the corrupt regime that looted Uzbekistan.

These Uzbek revelations highlight a serious problem that has been ongoing for 25 years, ever since Latvia’s so-called “independence” in 1991.  The Latvian government is controlled by offshore bankers from the KGB.

In 2005, a whistleblower gave a detailed list of material frauds at KGB-linked Parex Bank to Latvian authorities and the US Treasury provided money laundering information about KGB-linked Multibanka (Skonto) and KGB-linked VEF Banka (Savitsky).  This was the pivotal moment when any rational person who previously doubted that the KGB controlled the supposedly-democratic government could not be in doubt anymore.

Prime Minister Aigars Kalvitis made beautiful speeches about how he would lead a big crack-down.  And then he did nothing.  Nobody was prosecuted.  Billions of euros of public money disappeared into the black hole of the KGB and the full loss went to taxpayers with nobody being held accountable.

Latvia should have been suspended from the EU and NATO immediately, and not re-admitted until Latvia prosecuted and imprisoned the KGB bankers in order to prove that (1) the government was really a constitutional democracy and (2) the government really shared values with the EU and NATO.

Unfortunately, EU and NATO officials chose instead to delude themselves that Latvia has rule-of-law even though it obviously doesn’t thus allowing Latvia’s KGB Oligarchy to perpetuate itself.

When you read these articles about the KGB bankers in Latvia looting Uzbekistan, please keep in mind that these people have looted a lot of other countries including Latvia and they still control the Latvian government today.  Savitsky is Gazprom’s intermediary (Itera) in Latvia.  Savitsky appointed Kalvitis to run company Latvian Gas (the natural gas monopoly).  The Parex oligarchs are enjoying over a billion euros that disappeared from Parex while government officials continue to lie that Parex collapsed because of “Sweden” and the Multibanka oligarchs are enjoying over a billion euros that disappeared as their construction company Skonto has overcharged the government often by 200% or 300% on major state projects.

Don’t be fooled by Media articles claiming that ethnic-Russian politicians like Tatjana Zdanoka and Nils Ushakovs are pro-Kremlin and ethnic-Latvian politicians like Aigars Kalvitis, Ivars Godmanis, and Valdis Dombrovskis are pro-Latvia.  They are ALL pro-Kremlin because they are ALL actively protecting KGB activities in Latvia.

We will only believe that Latvia is a rule-of-law democracy when the oligarchs behind Parex, AB.LV, Multibanka, and VEF Banka are in prison, and their wealth has been confiscated and returned to the taxpayers of Latvia, Uzbekistan, and other victimized countries.

http://www.rebaltica.lv/en/investigations/uzbeks_in_latvia

Spain issues Warrants

A Spanish judge has issued warrants for Vladimir Putin’s inner circle, a group of top government officials linked with the Tambovskaya Mafia of St Petersburg.  The officials include Vladislav Reznik, Nikolai Aulov, Dmitry Kozak, Viktor Zubkov, Anatoly Serdyukov, Igor Sobolevsky, and Leonid Reiman.  Reiman has been a regular visitor to Latvia for years because he banks in Latvia.  His business rival Leonid Rozhetskin was assassinated in Jurmala in 2008.

Gennady Petrov, a top figure in Tambovskaya, was arrested in Spain in 2008 however later was allowed to visit Russia.  He is still in Russia living free today.  Spain also issued a warrant for his billionaire friend Mikhael Chernoy however Chernoy is protected by the Israeli government.

We at LawlessLatvia are extremely happy that a government in the West has taken action against Putin’s oligarchs.  Hurray for Spain!

The United States has issued warrants in the past for Putin’s associates Semyon Mogilevich and Dmitry Firtash.  However Mogilevich is protected by the Russian government and Firtash is protected by the Austrian government.

Shame on the United Kingdom for hosting some of Putin’s oligarchs for 20 years without issuing warrants for them.  The UK seems to have a strategy of protecting oligarchs because of a perceived belief that the UK benefits from allowing oligarchs to spend stolen money in the UK.

Perhaps the new Spanish warrants will cause people to think of the banks in Latvia and Lithuania which are linked to Putin.  Parex Bank of Latvia was identified by the media long ago for being linked to Tambovskaya.  And, Ukio Bank of Lithuania was recently identified in the Panama Papers for transferring massive corrupt payments to Putin’s apparent nominee.

Many assets of Parex Bank disappeared in 2008.  Latvia nationalized the bank and partly re-privatized it to the European Bank for Reconstruction and Development (EBRD) in a deal that was confirmed fraudulent when Latvia reversed the privatization five years later because of a secret guarantee.  Meanwhile, Parex oligarch Valery Kargin moved to Russia.

Many assets of Ukio Bank disappeared in 2013 and again the EBRD organized mysterious deals at public expense to hide the truth from the public.  Meanwhile, Ukio oligarch Vladimir Romanov also moved to Russia.

Officials in Europe and the United States refuse to investigate clear fraud evidence provided by whistleblowers in both cases, apparently to protect the EBRD.  And, the Media continues to produce false articles blaming the collapse of Parex and Ukio on the Global Financial Crisis rather than internal fraud and embezzlement, while praising the EBRD for rescuing Latvia and Lithuania.

Hopefully the Spanish warrants will wake up some Western officials to the fact that the disappearance of Parex and Ukio assets was not caused by the Global Financial Crisis and the EBRD is using Western taxpayer money to cover-up for Putin’s money launderers.

article:  http://world.einnews.com/article/324398432/-iYLdPMrOfopZvI8

Latvia launders for Russian General Prosecutor

People following Russian events have been watching and reading about Alexei Navalny’s new YouTube video about outrageous crimes involving the family of Vladimir Putin’s General Prosecutor Yuri Chaika.  Chaika is connected with a gang of rapists and murderers and family members have become very rich from corruption.  As usual, the money was laundered by the Latvian Proxy Network.  We continue to wonder when the West will wake up to the global threat of the Putin Regime.  Currently, the European Bank for Reconstruction and Development and Eurostat are using our taxes to fraudulently fund and protect the Latvian Proxy Network thus strengthening Putin.

http://www.lsm.lv/en/article/politics/navalny-chaika-money-was-laundered-via-latvia.a159194

UPDATED: Offshore Alert conference

John Christmas, the exiled whistleblower in the multi-billion-euro Parex Bank fraud and EBRD cover-up, spoke at the Offshore Alert conference in London on November 24.  Even though thousands of bureaucrats in dozens of countries have known about this fraud for years, they are taking no action while the fraud continues to grow larger and ruin the lives of millions of people in Eastern Europe.  Speaking together with John was Stephanie Gibaud, Sakharov prize nominee and UBS whistleblower:

Screenshot (1)

Screenshot (2)

This is the full slideshow:

Christmas OffshoreAlert Nov 2015 final

UPDATE:  This is the YouTube video from the conference, Christmas’ presentation is number 15 in the series:

Rubess: Parex/Citadele “no longer criminal”

Baiba Rubess, a long-time board member at Citadele Bank, has declared to exiled and terrorized Parex/Citadele whistleblower John Christmas that Parex/Citadele is “no longer criminal.”  This is interesting because Parex/Citadele never announced that they were criminal in the first place and nobody ever got prosecuted when over a billion euros disappeared and the bank was caught intermediating huge bribes (Daimler, Solaris, Alstom, Kempmayer, TeliaSonera, etc.).  In fact, the government has been telling the voters since 2008 that the collapse of Parex and the national economy was caused by “Sweden.”

If Parex/Citadele wants to change from being a “criminal organization” to being a lawful organization, then it will have to take certain steps: (1) admitting that all Parex annual reports were materially fraudulent from at least 1998 to 2008, (2) admitting that the EBRD bailout in 2009 was fraudulent, (3) admitting that all Citadele annual reports from 2010 onwards have been materially fraudulent because the EBRD transaction was not explained truthfully.

Prosecutions for all Citadele directors would be an easy straight-forward slam-dunk since, following a five-year cover-up, the prime minister admitted in 2014 that the 2009 EBRD/Parex/Citadele deal was fraudulent.  However the prosecutors are instead focusing on their efforts to put Parex/Citadele dissident Ilmars Poikans in prison to punish him for being honest.

The Latvian media speculates that Ms. Rubess might become the head of Rail Baltic, in keeping with government policy of appointing Oligarch loyalists to important positions.

We at LawlessLatvia are still wondering when anyone in Washington or Brussels will wake up to what is happening in Latvia.

 

Russian nuke exec launders through Latvia

Link

It happened again.  Yet another massive money laundering scandal in Latvia.  Of course, this should be no surprise since Latvia never prosecutes anyone even when foreign governments hand completed investigations to Latvian officials.  Latvia’s only efforts have been directed at whistleblowers – terrorizing them to make them shut up.  Since there are only a tiny number of people who benefit (the Oligarchs and their cronies) and millions of people who are hurt (Latvians, Russians, Europeans, Americans) it is really amazing that the Western governments allow this racket to continue.

http://www.investing.com/news/world-news/russian-nuclear-exec-pleads-guilty-to-arranging-$2-million-in-bribes-359401