A former fund manager and partner with European common soldier equity stiff BaltCap, who is suspected of misappropriating and gaming off $29 million, has been detained inwards Lithuania.
Sarunas Stepukonis, a Lithuanian national, was arrested on Saturday, a voice for the European Public Prosecutor’s Office (EPPO) said.
Estonia-based BaltCap is the largest buck private equity firmly inwards the Baltic Sea region. It fired Stepukonis inward Nov after a subprogram refresh uncovered financial mismanagement. It later contacted the constabulary when it discovered pecuniary resource had been misappropriated.
Casinos Sued
In belatedly January, companies owned by BaltCap sued Stepukonis and 2 casino operators, OB Holdings 1, which owns the Olybet online cassino brand, and Casino Olympic Group Baltija, which has numerous land-based casinos inward the Baltics.
The case alleges Stepukonis deposited $17.94 one thousand thousand into accounts he held with the 2 operators, both of which noneffervescent hold vague shares of the money. It seeks to find the missing millions, positive 6% interest.
Simonas Gustainis, managing partner at BaltCap, said he believes the casinos failed inward their sound requirements to safety against money laundering and “pathological gaming tendencies.”
Olympic Casino Group has challenged the lawsuit. The society told the Associated Press cobbler's last month that it “adheres to the highest standards of compliance with effectual requirements.”
But speaking to The Baltic Times utmost week, Rolandas Kiskis, lead of Lithuania’s financial crimes agency, said his power hadn’t received a single suspicious transaction report from Olympic Casino Group, which was unusual.
‘Potentially Problematic’
Meanwhile, Virginijus Dauksys, the chief of Lithuania’s Gaming Control Authority, said the regulator was investigating the matter. But he called Stepukonis’ gambling “potentially problematic.”
If [Stepukonis] was betting such freehanded amounts, they should hold come in into impinging with the risk taker and prevented the gambling,” Dauksys said. “Olympic’s CEO has said that they followed all the rules, so we testament looking at into that, too.”
Stepukonis was a manager of the BaltCap Infrastructure Fund, which focussed on substructure projects for Baltic Sea countries. At the time of his dismissal, he headed upwardly a companion that’s inward the unconscious process of edifice a young Lithuanian national bowl inwards the capital, Vilnius.
A voice for Vilna District Margaret Court said Stepukonis would live detained for 14 days from Saturday. It’s non crystallize if any charges make been filed against him.
Looking for a reliable and exciting online casino gaming platform in Malaysia? Look no further than Mega888 - the most popular and trusted online casino platform in the country! With a wide range of games, seamless gameplay, and secure transactions, Mega888 offers an unparalleled gaming experience that keeps players coming back for more.