Ernestas Butrimas, the son of Kristina Brazauskienė, the widow of Lithuanian President Algirdas Brazauskas, is suspected of false accounting and the provision of false income, profit and asset information related to real estate operation in the United States.
Hotel Crown Plaza, Draugystė
© Augustas Didžgalvis

Butrimas is also the manager of the Draugystė hotel in Vilnius.

Lithuania's Financial Crime Investigation Service and the country's Prosecutor General' Office have announced the completion of a pre-trial investigation into the acquisition and subsequent sale of real estate in the United States in the name of the hotel. Butrimas is suspected of having failed to pay almost 40,000 euros in profit tax into the Lithuanian state budget.

In response to information published by the 15min news website, Lithuanian officials launched a probe into alleged illicit enrichment and found out that the Vilnius-based hotel Draugyste bought expensive real estate in Florida in 2010 and another property in 2013.

In cooperation with American partners, FCIS discovered that in 2016 both Florida properties were sold for almost a double price and the profit exceeded 200,000 euros.

FCIS says sufficient evidence was collected during the pre-trial investigation to suggest that Butrimas intentionally failed to present information and documents on the purchase and sale of real estate in the United States, and the hotel's accounts do not contain any of this activity.

Information on the 200,000 euro profit was also not presented to Lithuanian tax administrators, and this way Butrimas evaded paying almost 40,000 euros in profit tax.

The criminal case has been handed over to Vilnius City District Court.

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

Lithuania's budget gets EUR 4 mln of "nobody's money" after FNTT probes

4 million euros, officially recognized as having no owner, have been transferred to the state budget...

Lithuanian govt hopes papal visit will encourage religious tourism

Lithuania's government hopes the upcoming papal visit will encourage religious tourism in the country...

Lithuania ahead of Latvia, Poland, but behind Estonia on social progress index

The social environment in Lithuania is better than in Latvia and Poland, but worse than in Estonia,...

PM to invite European retailers to invest in Lithuania

Lithuanian Prime Minister Saulius Skvernelis says he plans to invite 12 European major retail chains...

Akmenė awaiting ground-shaking investment

Lithuania's northern district of Akmenė barely lags behind other cities in Šiauliai County in terms...