Prime Minister-designate Mindaugas Sinkevičius sold a plot of state-owned land in central Jonava for five times its purchase price less than a year after acquiring it, according to an LRT investigation published on Wednesday.
In January 2024, the government transferred 457 state land plots to the Jonava district municipality. Among them was a plot on Jonas Basanavičius Street, which Sinkevičius, then mayor of Jonava, bought at an auction in the spring of the same year for the starting price of 11,671 euros. He was the sole bidder in the auction.
In 2025, the company Fondatum bought the plot from him for 55,000 euros. At the time, Viktoras Uspaskichas, a controversial Lithuanian politician, was one of the firm’s ultimate beneficial owners.
Sinkevičius told LRT he took part in the public auction as an ordinary citizen and followed standard procedures. The municipality said it was not involved in any decisions concerning the specific plot.
The prime minister-designate acquired land worth around 100,000 euros during 2024–2025, despite annual declarations showing that at the end of 2023 he and his wife held only 21,000 euros in credit institutions and other assets. He has not yet submitted a declaration for 2024.
Following parliamentary approval, Sinkevičius was appointed prime minister by the president on Tuesday. He previously served as mayor of Jonava from 2011 to 2016 and again from 2019.
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