A number of well-known Lithuanian entrepreneurs are linked to offshore companies revealed in the Panama Papers as well as several politicians, says the Lithuanian journalist working on the global exposé of possible tax evasion by the International Consortium of Investigative Journalists (ICIJ).
© Reuters/Scanpix

Šarūnas Černiauskas, an investigative journalist at the online newspaper 15min.lt, has been one of the reporters working with the so-called Panama Papers, millions of documents leaked from the Panamanian law firm Mossack Fonseca.

He says that the documents name a number of Lithuanian businesspeople linked to offshore companies.

"There are a number of businesspeople who are known to the public. We have also identified two individuals who are closely linked to well-known Lithuanian politicians," Černiauskas said on LRT TV programme "Dėmesio Centre".

So far, 15min.lt has reported about former president of the Lithuanian Football Federation Liutauras Varanavičius. Mossack Fonseca documents identify him as the owner of a company registered in the British Virgin Islands that conducted money transactions, including a multi-million-euro deal to sell the Sports Palace in Vilnius.

"While working with the Panama Papers, we noticed that offshore companies are more often used not to manage business, but to finance it, to bring possibly unaccounted money into Lithuania from offshore jurisdictions or take it out," Černiauskas said.

He says he is currently working on more stories based on the Panama Papers.

15min.lt has also reported that accounts in the Lithuanian bank Ūkio Bankas were used in transactions linked to Russian President Vladimir Putin.

"I am glad that, after the first reports, [Lithuania's] Financial Crime Investigation Service checked the accounts linked to Vladimir Putin's friend Sergei Roldugin. I hope that state agencies will continue to react to our reports," Černiauskas has said, adding that he cannot share the Panama Papers with law enforcement officers as per agreement with ICIJ.

Šarūnas Černiauskas
Šarūnas Černiauskas
© DELFI / Šarūnas Mažeika
Leave a comment
or for anonymous commenting click here
By posting, you agree to terms
Read comments Read comments

Baltic States seek a single regional assessment

Ministers of finance of Lithuania, Latvia and Estonia, the European Commission and NASDAQ appealed...

LMT presents three digital service innovations at Baltic Mobile Congress

LMT (Latvian Mobile Telephone) is the telecommunications market leader in Latvia and a digital service...

CERN is considering the possibility of establishing business incubation centre

Last week, CERN delegation paid a visit to Kaunas University of Technology (KTU) Santaka Valley. The...

Israeli cloud services integrator chooses Vilnius for European base

TeraSky, a leading Israeli cloud solutions integrator, has just announced the opening of its European...

The popular French fashion brand „Gémo“ enters the Baltic States: first store in Lithuania – in 2019

The popular French fashion brand „Gémo“ entered the Baltic States - the first regional store was...