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Riga Freeport CEO, his deputy face prosecution

Xinhua, October 21, 2015 Adjust font size:

The Latvian economic police are seeking a criminal prosecution of Riga Freeport CEO Leonids Loginovs and his deputy Aigars Pecaks who are suspected of abusing their office powers for personal gains, local media reported on Wednesday.

It is thought that Loginovs might be suspected of misusing the port's funds to pay bonuses to employees and make unlawful donations.

Possible violations include paying bonuses to Riga Freeport employees at a time when the Latvian government had imposed a ban on bonuses for employees of state-owned enterprises, providing over 100,000 euros (113,490 U.S. dollars) in financial support to a nautical school in the southwestern Latvian port city of Liepaja and using the port's money to make a 7,100-euro donation to Fukushima earthquake victims.

A criminal probe was launched in 2013 after an audit report alleged unlawful activities at Riga Freeport. The so called Riga Freeport case is still under investigation.

In 2013, the Latvian State Audit Office released a report accusing Riga Freeport of misspending over 58 million euros. Still, the Riga City Council whose representatives sit on the Riga Freeport Board, refused to sack Loginovs saying that they had to wait for the law enforcement authorities' findings first. Enditem