CORPORATE
The paradox of Lithuania’s offshore companies
A bank account with €2,500 in it, a couple of weeks (or even days), some straightforward paperwork and there it is – a brand new company. […]
Mossack Fonseca
CORPORATE
Head of Lithuanian central bank says he worked with offshore companies lawfully
Vitas Vasiliauskas, chairman of the board of the Bank of Lithuania, has admitted to representing numerous offshore companies but also said that he did not open any accounts and did not break any laws. Speaking […]
Economy
Leading Lithuanian bankers and lawyers named in latest Panama Papers leak
The International Consortium of Investigative Journalists (ICIJ) responsible for coordinating the release of the leaked Mossack Fonseca documents, or the Panama Papers, has released new documents that contain the names of leading bankers and lawyers from Lithuania. […]
Society
Head of Lithuanian bank to appear before Seimas after leak shows offshore connection
Vitas Vasiliauskas, the head of Lithuania’s central bank, has been asked to provide an explanation to the Seimas after it was reported that he represented an offshore company linked to Russia’s oligarch Nikolai Tsvetkov before becoming the head of the bank. […]
Economy
Panama Papers link Lithuanian central bank’s chief to Russian oligarch’s company
The leaked Panama Papers indicate that Lithuania’s central bank chief once represented an offshore company linked to a Russian oligarch. […]
Economy
Lithuania’s oil industry and Swiss bank accounts: Panama Papers shed light on 1990s
The Panama Papers can offer some insight into Lithuania’s oil industry at its crucial moment two decades ago as documents leaked from the Panamanian law firm Mossack Fonseca reveal bank accounts in Switzerland of former and present heads of Lukoil Baltija and Mažeikių Nafta. […]
Economy
Lithuanian Tax inspectors and financial crime investigators charged with scrutinizing Panama Papers revelations
A special body, set up jointly by the State Tax Inspectorate (VMI) and the Financial Crime Investigation Service (FNTT), will investigate Lithuanian individuals and companies named in the Panama Papers. […]
Uncategorized
The impact of Panama Papers in Eastern Europe – and rest of the world
On April 3, the Panama Papers hit media outlets around the world, and the fallout was swift. […]
Economy
Lithuania’s tax authority pledges to investigate all Lithuanians mentioned in Panama Papers
Lithuania’s tax authorities have said they will investigate any evidence in the Panama Papers about offshore holdings of Lithuanian nationals. […]
Economy
Well-known Lithuanian businesspeople and politicians mentioned in Panama Papers, reporter says
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). […]
Economy
Panama Papers: Former Lithuanian Football Federation president linked to offshore company
The former president of the Lithuanian Football Federation has been revealed as the owner of an offshore company that handled million-dollar transactions and owned the Sports Palace in Vilnius, according to the Panama Papers leaked from the law firm Mossack Fonseca. […]
Economy
Lithuania used as transit country for Kremlin’s offshore payments: Panama Papers
The leaked documents from the Panamanian law firm Mossack Fonseca reveal that Lithuania’s Ūkio Bankas served as an intermediary in dubious transactions involving a close friend of Russian President Vladimir Putin. […]
Uncategorized
Panama Papers reveal offshore wealth of Ukrainian president
Ukrainian President Petro Poroshenko is among national leaders with offshore wealth, a report by Organized Crime and Corruption Reporting Project (OCCRP) as part of huge tax leak dubbed “Panama Papers” revealed Monday. […]
Economy
Lithuanian bank named in Panama Papers revealing multi-billion money laundering schemes
Documents leaked from the Panamanian law firm Mossack Fonseca reveal a suspected billion-dollar money laundering ring involving close associates of Russia‘s President Vladimir Putin. A Lithuanian bank could have been involved in the schemes. […]