A Lithuanian businessman has been accused of laundering 91 million euros received from the sale of military and dual-purpose goods, the Financial Crime Investigation Service said on Monday.
As an authorised person and later the sole shareholder of a company registered in the Republic of Panama and operating in Klaipėda, the man brokered the sale of military equipment and dual-use goods to the Republic of Equatorial Guinea without having a license to do so.
According to the investigation, the businessman later took steps to launder the allegedly criminally obtained funds.
“The gathered evidence suggests that the accused man may have laundered more than 91 million euros between 2008 and 2012 through various financial transactions,” the report says.
It is estimated that almost 17 million euros may have been laundered in less than two years through the use of the defendant’s company registered in Klaipėda.
The businessman and his company are accused of money laundering, and the businessman is also accused of unlawful intermediation in the transfer of military equipment.
The businessman and his company have had assets worth more than 9.3 million euros frozen as part of this investigation.
This criminal case will be heard by the Klaipėda Regional Court.
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