Feb 16 • 16:13 UTC 🇱🇻 Latvia TVNET

Criminal proceedings initiated over possible large-scale fraud at 'Jelgava Real Estate Management'

Latvian police have begun criminal proceedings concerning possible fraud at the municipal company Jelgava Real Estate Management.

The police in Latvia have initiated a criminal proceeding regarding potential large-scale fraud at a municipal enterprise called SIA 'Jelgavas nekustamā īpašuma pārvalde'. This decision was taken after Jelgava's mayor, Mārtiņš Daģis, raised concerns about questionable financial transactions that emerged while examining the company’s expenditure reports. He stated that despite reviewing documents with an advisor, they were unable to find satisfactory answers to their questions, necessitating the involvement of the State Police to investigate possible violations.

Mayor Daģis indicated that suspicions arose from several transactions that took place between 2000 and 2025. During this period, the company was managed by Juris Vidžis and Signis Rīns, and the investigation by the Economic Crime Division of the Zemgale Regional Police has been prompted by a complaint detailing suspected irregularities in contract agreements and their execution by Jelgava Real Estate Management. The local government appears to be taking these accusations seriously as they collaborate closely with law enforcement to unravel the potential misconduct.

This case highlights the ongoing scrutiny of public financial management and the necessity for transparency within municipal operations in Latvia. The implications of such investigations are profound, as they not only seek to identify any illicit activities that may have taken place but also aim to restore public confidence in local government entities by demonstrating accountability and responsibility in handling public resources.

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