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.

BNS
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.
Leave a comment
or for anonymous commenting click here
By posting, you agree to terms
Read comments Read comments

Proposals to charge employers with specifying wages in job adverts received negatively

The amendments to the Labour Code proposed by the “Farmers”, where employers would have to...

Proposals on air quality: maximum odour concentration in air to be reduced

In order to improve air quality and reduce discomfort for those residing near industry, manufacturing...

Capella Baltica increasing investment in Klaipėda FEZ

Capella Baltica, a Spanish cosmetics and food industry supplier, has increased the amount of its...

How blockchain technology will change the world trade?

The field of research of World Trade Organisation chief analyst Emmanuelle Ganne is the application of...

Welcome to Vilnius workshops to support foreign talent relocating to Lithuania’s capital

This Tuesday Vilnius’ business development and tourism agency Go Vilnius at the Workland Business...