Valdas Sutkus, suspected of corruption, has stepped down as president of the Lithuanian Business Confederation.
Sutkus resigns as president of Lithuanian Business Confederation
© DELFI / Josvydas Elinskas

Andrius Romanovskis, who has recently been the federation's acting president, has been elected its new president, the confederation said on Wednesday.

Sutkus denies the corruption allegations, but underlines that due to the existing situation, it's impossible for him to carry out his duties properly.

"Due to the public information spread by law enforcement officers about the allegations against me, a shadow has been cast not only over me personally, but also over the whole Lithuanian Business Confederation," Sutkus was quoted as saying in a statement. "Obviously, due to the consequences of the ongoing pre-trial investigation, I not only cannot properly represent the organization as its president but I also need to direct all my energy towards my personal legal defense."

Meanwhile, the confederation's newly-elected president Romanovskis stressed the need for the organization's openness and transparency.

"Representing Lithuania's business has always been the duty of our organization and we continue to believe that that's the society's public interest. We have done that and will continue doing that openly and transparently," Romanovskis said in the statement.

Sutkus was detained last week as part of an investigation into large-scale corruption, bribery, influence peddling, embezzlement and document forgery. But a court later rejected prosecutors' request to sanction his arrest.

Mantas Zalatorius, president of the Association of Lithuanian Banks was also detained as part of the same investigation. He also denies his guilt.

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

Minister: budget deficit to narrow, debt-to-GDP ratio to stabilize in 2021

The Lithuanian state's 2021 budget bill has been drafted with the aim of reducing the general...

One in 3 Lithuanians feels anxious about money

Thirty-nine percent of Lithuanians feel anxious about their finances every day, which adversely...

Simonyte: key budget issue is what to do with borrowed money (1)

The key question related to Lithuania's next year budget is what will be done with borrowed money...

Minister: Lithuania financially capable of withstanding another coronavirus outbreak

Lithuania would be financially capable of withstanding another coronavirus outbreak, Finance...

A new commercial bank has launched operations in Lithuania

PayRay , a Lithuanian financial sector company, has started a new page of its business service...

Top news

Bars and restaurants ordered to close at midnight

Bars , restaurants and nightclubs will have to close at midnight and register their visitors...

Twelve municipalities placed under quarantine

The Lithuanian government decided on Wednesday to place another 12 Lithuanian municipalities under...

507 Belarusians let to come on humanitarian grounds

A total of 507 Belarusian citizens have been allowed to come to Lithuania on humanitarian, the...

Record number of new corona virus cases again

On Wednesday, the new record number of new COVID-19 cases have been released in Lithuania . On...

Steven A. Cook | D+ nariams

The end of hope in the Middle East

The region has always had problems—but it’s now almost past the point of recovery.

|Maža didelių žinių kaina