On Court Proceedings


Riga, Latvia, 2017-03-28 15:17 CEST (GLOBE NEWSWIRE) -- JSC Rietumu Banka (hereinafter – the Bank) is involved in the investigation initiated against the company France Offshore regarding the evasion of the payment of taxes in France. 

The Bank does not agree to the accusations of supporting France Offshore and the 90 million euro penalty demanded by the prosecutor. We turn your attention to the fact that it is only the position of the prosecutor and not the decision of the court.The legal process is now in the court of first instance and the Bank defends its position. The Bank underlines that it acted correctly in accordance with the law. If the decision of a court of first instance will be negative, the Bank will appeal against the decision in accordance with the procedure prescribed by law.

         Eleonora Gailisha
         Mass Media and Public Relations
         Phone: +371-67020506
         Fax: +371-67020563
         E-mail: egailisha@rietumu.lv