4 million euros, officially recognized as having no owner, have been transferred to the state budget in Lithuania following six probes by the country's Financial Crime Investigation Service (FNTT), the 15min.lt news website reports on Thursday.
© Reuters / Scanpix

Dainius Baršauskas, head of the FNTT's Vilnius Regional Board, told the website nobody appealed against the made decisions.

"It shows that there's no legal owner of this money who can come to court and state 'I am the legal owner of these funds and can prove that'," Baršauskas said.

FNTT looked into accounts registered within Lithuania-based banks and branches of foreign banks and linked to citizens of India, Sweden, Nigeria and Lithuania. Usually pre-trial investigations are launched upon receipt of information from financial institutions on suspicious financial operations over 15,000 euros.

Money can be transferred to the state budget if it's suspected to have been earned from criminal activity, or FNTT fails to receive substantial explanations on the legality of the funds involved.

It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.

Swedbank's pension funds invest EUR 200 mln into sustainable business

Pension funds managed by the Swedbank financial group are investing 200 million euros, or a sixth...

Belarus complains: Lithuania's blocking Minsk-EU agreement

Belarusian representatives complained in Brussels last week that Lithuania is blocking the...

New trends in startup world: unicorns' aspiration is not key anymore

The question when the first unicorn with over 1 billion of US dollars in value will appear in the...

Shopping frenzy: biggest retail chains plans allocate millions of euros for new stores

Lithuania's five biggest retail chains – Maxima , Lidl , Rimi, Iki and Norfa – have...

Construction launched on EUR 15 mln hotel in Kaunas

Construction is being launched on a 15-million-euro Moxy hotel, part of the Marriott Group , in...