€2.7m embezzlement suspected at Lithuanian credit union

Financial crime investigators suspect that €2.7 million could have been embezzled from the credit union Amber. One of its top managers was detained on Tuesday.

Officers of the Financial Crime Investigation Service (FNTT) searched the home and the car of one of the company’s top managers as well as another person linked to a firm that handles Amber’s bookkeeping.

The manager has been detained and charged with large-scale embezzlement, prosecutors in charge of the investigation said.

The crime was suspected after the Bank of Lithuania inspected the credit union and discovered irregularities among its transactions.

The central bank subsequently limited the credit union’s activities and appointed a temporary administrator.

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