TeliaSonera and Parex Bank


Parex Bank got caught again.  Parex organized the bribery for TeliaSonera in Uzbekistan.  More than 64 million euros of bribes went through Parex to the family of  President Islam Kerimov.

A bit of progress – LSM in Latvia has been regularly reporting these large crimes.  In the past, when Parex organized the bribery for Daimler and Alstom in Latvia, the stories did not appear in the press.

But some things haven’t changed.  The Latvian regulator FKTK still won’t punish anyone for anything.

Something to keep in mind for all people from the 65 countries where taxpayers support the European Bank for Reconstruction and Development – your tax money fraudulently funded the bailout of the offshore deposits at Parex when its assets were embezzled in 2008.

EBRD Fraud: Media Coverage

As more articles appear in the media about the EBRD/Latvia put-option fraud, it will be more difficult for EBRD employees, police, regulators, and auditors to pretend they don’t know about it.  Also, propaganda journalists who have been writing that the Latvian Crisis was caused by “Sweden” and has already be solved by “austerity” must get uncomfortable when the fraud evidence spreads.  Here are media links with the unpleasant truth:  the Latvian Crisis, which is still growing, is being caused by an illegal effort by the Latvian government and EBRD to cover-up fraud at KGB-linked Parex Bank.

“LSM.LV” 11 July 2014

LSM 11 July 2014

“Baltic Course” 26 June 2014 by John Christmas

Baltic Course 26 June 2014

“” 5 May 2014 by Mauro Caterina

“” 13 January 2014 by Mauro Caterina–.html



“Typically Spanish” 19 November 2013 by Michael Walsh

Typically Spanish article

“Lettonia:  storia di una frode europea” documentary video 10 October 2013 by Mauro Caterina

“” 9 September 2013 by Tom Peel

Rosvesty article

“Il Manifesto” 21 April 2013 by Mauro Caterina

Il Manifesto 21 April 2013

“Lithuania Tribune” 1 March 2013 by John Christmas

Lithuania Tribune Mar 2013

“Lithuania Tribune” 12 November 2012 by John Christmas

Lithuania Tribune Nov 2012