The first-instance court acquits former "LDz" board members
A Latvian court acquitted four former board members of the state-owned company "Latvijas dzelzceļš" of charges related to the abuse of their position for personal gain.
Today, the Kurzeme District Court in Saldus acquitted four former members of the board of "Latvijas dzelzceļš" (LDz), including former chairman Uģis Magonis, of charges of misusing their official positions for selfish financial gain. The prosecution indicated that it would request the full judgment and consider appealing the court's decision once they review the ruling. The individuals acquitted are Uģis Magonis, Edvīns Bērziņš, Aivars Strakšas, and Ēriks Šmuksts.
The case revolved around accusations that these former officials had abused their positions to create a new executive body - the Presidential Council - which granted them rights and responsibilities that should have belonged to the board. This maneuver was allegedly designed to generate additional income for themselves, despite already receiving a legal salary for their official duties. The financial impact of their actions was significant, resulting in losses exceeding 1.5 million euros to the state.
This verdict raises questions about accountability in public service roles in Latvia, particularly concerning the judiciary's stance on corruption and misuse of power. The prosecution's intent to appeal may highlight ongoing concerns regarding governance and integrity within state-owned enterprises, drawing public and media scrutiny as the wider implications of this case unfold.