Lithuania Probes Ukio Bankas in Magnitsky Request, BNS Reports
Lithuanian prosecutors are investigating claims that $13 million allegedly stemming from a Russian tax fraud may have been laundered through Ukio Bankas (UKB1L), the Baltic News Service reported, citing prosecutor Donatas Puzinas.
The probe was initiated in response to a request by investment fund Hermitage Capital Management, where deceased lawyer Sergei Magnitsky uncovered the alleged embezzlement, the newswire said. Prosecutors have temporarily frozen offshore accounts at Ukio containing 40,000 litas ($15,430), with only incoming payments allowed, it said.
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