Will they be held accountable?

Five of the total of 4500 loans issued by Parex are causing losses to our government in the amount of (!) €268 M

on the conscience of TOP 5 loans Kargins and Krasovickis TULA REGION, Fully aware of the financial difficulties, Kargins €23 M and Krasovickis issued a loan to a brick factory Braer

The loan was issued in August 2008. The Due to the crisis, the factory went disbursements were made 5th place bankrupt. The Court of Russia in October, shortly before recognised JSC as the the government provided unsecured creditor. aid to the bank.

Now, the proceedings are continuing in the Court of Cyprus in order to recover the losses from the beneficial owners, who are avoiding their liabilities through fraudulent activities. €32 M , Latio Group

In 2006, the undertakings of Latio Group received loans from Parex Bank for purchasing real estate.

Once the crisis hit, the value 4th place of the properties declined. Income from rent wasn’t enough to cover even the interest.

JSC Reverta recovered Two-faced Edgars Sins warned 35% of the issued loan. everybody of the real estate bubble, at the same time taking out a multi-million loan over Losses caused to the government three year period at its climax were registered. Jurmala, Latvia €41 M Without due consideration of the risks, Parex Bank issued several large loans for the construction of a multi-functional building to the company Delfīns Partneri and its owner Larisa Sviridova.

Failing to complete the project, the debtor tried to evade its liabilities by engaging 3rd place insolvency administrators.

Larisa Sviridova is now the defendant in the criminal matter.

A large portion of the loan has not been recovered as of yet due to the malicious actions of the Delfīns Partneri debtor and the ineffectiveness of the Latvian court system. €73 M UKRAINE AND BRITISH VIRGIN ISLANDS

In 2006, the Board of Parex Bank with Kargins and Krasovickis at its Mainlux forefront granted a loan for purchasing denationalised land in Ukraine with the intention of developing a residential area.

The collaterals for this loan were questionable, while its amount far exceeded the actual value of the land.

The largest portion of the loan was transferred to offshore companies and was never used for purchasing land. 2nd place Ukraine declared a moratorium on sale of agricultural land, which made the recovery of the loan significantly more difficult. BEHIND THE ARCTIC CIRCLE, €99 M RUSSIA The gas processing plant was not officially commissioned yet. Its actual condition couldn’t be verified due to SEVERORGSINTEZ limited access to the territory.

In 2008, running The loan was issued on the basis of against the decision of guarantees, the most significant of the credit committee, 1st place which was later recognised invalid by the Board of Parex the Court of Russia. Bank with Kargins and Krasovickis at its forefront increased the loan sum for the JSC Reverta has submitted a complaint to construction of a gas the European Court of Human Rights processing plant in regarding these infringements by the Court Russia. of Russia, demanding a compensation of 75 M US Dollars. After the liquidation of JSC Reverta on 31 December 2017, many court proceedings will have to be continued.

What will happen next? Will we let Kargins and Krasovickis to continue evading their liabilities?