The Latvian government hired Chris Gwilliam to run Parex Bank and then Reverta resolution company. His objective seems to have been covering-up the fact that Parex was a fraud and the bailout of Parex was also a fraud. He claimed that his objective was to recover as much money as possible for taxpayers, but obviously he did not do that because the Latvian government did not sue and prosecute Valery Kargin, Viktor Krasovitsky, and Ernst & Young. A contact informed LawlessLatvia of Gwilliam’s secret departure in December. That contact was afraid for his life and refused to repeat the story when asked. Gwilliam’s departure has been completely censored from the media. Gwilliam is featured in the 2013 LatviavEBRD Youtube video.
UPDATE: We are not certain why Gwilliam fled from Latvia, however we speculated it was because of massive money laundering and fraud at Parex. Now, a credible source has given a different explanation. The source claimed to know that Gwilliam was questioned by the United Nations Security Council about arms sales from Belarus through Latvia to Togo and Ivory Coast. According to the source, Parex was “aiding and abetting the contraband.” Remember: Parex (now named Citadele and Reverta) is fraudulently funded by the EBRD using your tax money.
The story of banker Gwilliam fleeing Latvia reminds one of the time when Latvian government allegedly asked Hakan Kallaker to be a board member of the Parex bank in 2009. He resigned a few months later, perhaps because he also suspected that the bailout was illegal?
I remember meeting Chris Gwilliam on several occasions in Riga when I lived there at dinners and events organised by an ex-pats association. At one he tried to explain to me what he was doing on behalf of Parex Bank. I must admit it was way above my head and didn’t seem to make much sense to me at the time. I do remember him as an affable and sociable character though.