Parex Bank got caught again. Parex organized the bribery for TeliaSonera in Uzbekistan. More than 64 million euros of bribes went through Parex to the family of President Islam Kerimov.
A bit of progress – LSM in Latvia has been regularly reporting these large crimes. In the past, when Parex organized the bribery for Daimler and Alstom in Latvia, the stories did not appear in the press.
But some things haven’t changed. The Latvian regulator FKTK still won’t punish anyone for anything.
Something to keep in mind for all people from the 65 countries where taxpayers support the European Bank for Reconstruction and Development – your tax money fraudulently funded the bailout of the offshore deposits at Parex when its assets were embezzled in 2008.