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. […]
Panama Papers
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. […]
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. […]
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. […]
Opinion
Revealing Russia’s offshore addiction
The Panama Papers cannot do much damage to the reputation of Putin and his friends, and they have not exposed criminal activity by prominent Russians. But they shed light on a fundamental problem: not even elites trust Russia’s economic, legal, or political system. […]
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. […]
Economy
Lithuanian banks named in Panama Papers face Financial Police probe
Lithuania’s Financial Crime Investigation Service (FNTT) is to investigate the involvement of Lithuanian banks in offshore deals revealed in the Panama Papers. […]
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. […]