Lithuania’s budget gets EUR 4 mln of “nobody’s money” after FNTT probes

Dainius Baršauskas, head of the FNTT’s Vilnius Regional Board, told the website nobody appealed against the made decisions.

“It shows that there’s no legal owner of this money who can come to court and state ‘I am the legal owner of these funds and can prove that’,” Baršauskas said.

FNTT looked into accounts registered within Lithuania-based banks and branches of foreign banks and linked to citizens of India, Sweden, Nigeria and Lithuania. Usually pre-trial investigations are launched upon receipt of information from financial institutions on suspicious financial operations over 15,000 euros.

Money can be transferred to the state budget if it’s suspected to have been earned from criminal activity, or FNTT fails to receive substantial explanations on the legality of the funds involved.

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