RIGA, June 8 (Xinhua) -- Latvian law enforcement authorities have detained three insolvency administrators, including Ilmars Krums, the liquidator of Latvia's insolvent Trasta Komercbanka bank, and a financier in an ongoing criminal probe, local media reported Thursday.
Andrejs Grisins, chief of the Latvian Criminal Police, told reporters at a press briefing that the economic crimes unit of the Latvian State Police on Wednesday made four arrests and conducted searches as part of a criminal investigation into offenses related to various insolvency processes.
The police representative did not reveal the names of the detained persons, but confirmed that there were three insolvency administrators among the detainees. He also declined to elaborate on the ongoing investigation and promised to provide more detailed information next week.
The online edition of the Diena daily identified the two other insolvency administrators under investigation as Maris Spruds and Nauris Durevskis.
Financier Jorens Raitums, whose name also features among those detained as part of the probe, is known to have been involved in business dealings with entrepreneur Julijs Krumins who last year was briefly held in connection with violations of party financing regulations in Latvia's seaside resort Jurmala.
Neither the three insolvency administrators nor the financier could be immediately reached for comment.
Krums is currently the administrator of Trasta Komercbanka, which has been ruled insolvent and lost its license after the Latvian banking regulator accused the bank of serious violations. Latvia's TV3 commercial television reported last year that in the process of the bank's liquidation, Krums had spent nearly 7 million euro on various services, most of them provided by Spruds. According to a more recent TV3 report, a criminal probe has been started against Krums over a failure to comply with a court ruling.
The banking regulator has also accused Krums of abusing his office powers as administrator of Trasta Komercbanka but has not provided more detailed information about his dealings.
