Date: 14 November 2026
To: Prime Minister Andris Kulbergs, pasts@mk.gov.lv
From: John Christmas (Dzons Kristmas), Latvian citizen and exiled whistleblower
RE: EBRD-Parex-ABLV-Citadele fraud and National Security
Dear Mr. Kulbergs,
Congratulations on becoming Prime Minister of Latvia. You can rescue Latvia and Ukraine from Vladimir Putin if you stop the EBRD (ERAB) fraud, and you will be the greatest prime minister in Latvian history.
In case your advisors didn’t tell you about the saga with me, Valery Kargin, Viktor Krasovitsky, Valdis Dombrovskis, Parex Bank, ABLV Bank, Citadele Bank, and the EBRD, here is a summary. In 2003-2004, I was employed by Parex Bank. I met Ilmars Rimsevics, Einars Repse, Krisjanis Karins, and other government sector and private sector leaders. I thought they were patriots of Latvia.
In 2004-2005, I gave details to EY Baltics, then Rimsevics, Repse, Karins, and more Latvian officials, that Parex was making fraudulent insider loans to Kargin and Krasovitsky and Russian oligarchs Oleg Boiko and Yuri Shefler. The Latvian government reacted by hosting Parex promotions at government properties in London and Switzerland to convince Western banks to lend more to Parex. Parex made large fake loans to two more Russian oligarchs Grigory Rabinovich and Eduard Khudainatov.
When PM Ivars Godmanis started the Parex bailout in 2008, he blamed the United States for the collapse. When PM Valdis Dombrovskis continued the Parex bailout in 2009, he blamed Sweden for the collapse. These were both lies.
In 2009, Dombrovskis and Repse signed a fraud deal with the EBRD. They secretly paid 190-million-euros of Latvian taxpayer money to the EBRD which publicly paid 80-million-euros for a stake in Parex. The purpose was to fool the public that Parex wasn’t looted. This fraud with the EBRD still continues now in 2026 at Citadele Bank which received Parex and ABLV Bank assets.
In all these years from 2004 to 2026, Latvia keeps losing more money. Money laundering activities moved from Parex to Ukio Lithuania, ABLV Latvia, and Danske Estonia with the total amount of laundering in hundreds of billions of dollars. This is the largest money-laundering racket in history and the top beneficiary is Putin.
No EU or NATO state should be controlled by a Mafia, however I understand this is about terrorism including assassinations. Many Latvians told me that the Parex Mafia kills people in Latvia and I saved many messages about this. Still now in 2026, Latvians tell me that anyone who talks about the EBRD fraud in Latvia will be shot or poisoned.
If you publicly admit that the Parex assets went to Putin-connected oligarchs and the US and Sweden weren’t involved, and you admit that Latvia has been secretly paying the EBRD to be fake shareholder of Parex and Citadele since 2009, then you can save Latvia and make the whole world safer.
This is an open letter. I will post it online and send it to journalists.
Very truly yours,
John Christmas
