In December 2013, exiled Parex Bank whistleblower John Christmas was contacted by an investigator. The investigator was originally using a false name. The investigator made statements connecting Parex Bank, Rietumu Bank, and Regional Investment Bank (Regionala investiciju banka) to the looting of billions of dollars from BTA Bank of Kazakhstan and Anglo Irish Bank of Ireland.
This is a description of the case:
The investigator, in emails, made frequent use of the term “Latvian Proxy Network” to describe “a large money-laundering network” of Latvian offshore banks that work in cooperation, often using the same shell companies, for “hiding/cleaning billions of dollars.”
In March 2014, a second investigator from a different organization also started asking Christmas about the same case.
Parex (now called Citadele) is fraudulently funded by the EBRD using your tax money.