Welcome to EU Events

EU Events provides information about Latvian crimes that are ignored by the corrupt media and authorities. Latvia is the offshore banking center for the former Soviet Union, to the detriment of everyone in the world including Latvians and excluding only a few Oligarchs. The EBRD, EU, IMF, and World Bank are making the problem worse by funding the Oligarchs, fraudulently in the case of the EBRD. Please like or friend us on Facebook and follow us on Twitter. Learn more about this site »

Aivis Ronis slandered Parex Bank whistleblower?

Posted on March 28, 2012 by admin1

This email seems to show that Aivis Ronis slandered Parex Bank whistleblower John Christmas to the Wall Street Journal in 2007.

Ronis used to be the Latvian Ambassador to the United States. But, by 2007, he ran the Latvian-American Financial Forum. LAFF was a lobbying group with a purpose of convincing the United States government not to blacklist Latvia’s Baltic International Bank. Oligarch Valery Belokon of BIB is known for his close relationships with Boris Berezovsky, Kurmanbek Bakiyev, and Alexander Lukashenko.

Even though Ronis was supposed to be working for Valery Belokon of BIB, not Valery Kargin of Parex Bank, it appears that Ronis committed a slander crime against the Parex whistleblower for the purpose of stopping the WSJ from publishing a story about the frauds at Parex. It is a shame that the story was stopped, because that story could have prevented the Latvian Financial Crisis by forcing Parex to close one year before the government bailout.

Did Ronis get prosecuted for his action? No. He got promoted! First, he became Latvian Minister of Foreign Affairs. Now in 2012, he is Latvian Transportation Minister.

Notice that the WSJ journalist, an expert on corruption in Russia and Ukraine, believes that Parex is a violent criminal organization. In this email, he warned the whistleblower to “be careful.”

Latvian newspapers refuse to publish this email. The email used to be on Kargins.com, however the Latvian government has censored that website.

Ronis email

Mizuho Corporate Bank and Parex Bank

Posted on March 28, 2012 by admin1

This email indicates that Parex Bank whistleblower John Christmas provided fraud information to Mizuho Corporate Bank in 2005 and the relationship manager at MCB reacted by getting angry.

MCB decided to lend much more money to Parex after learning that the bank’s financial statements were false. The total amount of syndicated lending increased to approximately 800 million euros and the London office of MCB organized most of it.

When the assets of Parex Bank disappeared in 2008, the Latvian government forced Latvian taxpayers to repay the syndicated loans instead of letting MCB suffer the loss. This decision was the direct cause of the Latvian Financial Crisis.

The Latvian media is completely silent about this issue.

Mizuho Corporate Bank

UK FSA, Ernst & Young Global, Parex Bank

Posted on March 28, 2012 by admin1

The UK Financial Services Authority (FSA) and Ernst & Young Global knew that Parex Bank was a fraud already in 2007. They also knew that whistleblower John Christmas was being terrorized with murder threats.

However, the FSA and E&Y chose to ignore the information and sit and watch while Parex borrowed approximately one billion euros in London through syndicated loans and bond issuances.

The money disappeared and now ordinary Latvian taxpayers must pay back the creditors with bailout funds from the European Union.

Nobody is being prosecuted anywhere.

FSA and E&Y knew

VIP Avia and Parex Bank

Posted on March 28, 2012 by admin1

Parex Bank used to have a subsidiary called VIP Avia. In the early 2000′s, consultant ABN AMRO advised Parex not to have this frivolous subsidiary, the function of which was providing private jets for the Parex oligarchs.

Parex did not react by selling the subsidiary. Instead, Parex changed its balance sheet to show VIP Avia as a loan to an unrelated party instead of a subsidiary.

This reaction was illegal. However, Latvian authorities refuse to prosecute the responsible people from Parex and Ernst & Young.

John Christmas blew the whistle on this fraud in 2004/2005. Dienas Bizness newspaper published an article about this fraud in 2009.

pdf snapshot from 18 March 2012:

DB VIP Avia

link, if not yet censored by Latvian authorities:

http://www.db.lv/citas-zinas/vip-avia-ierosinats-arpus-tiesiskas-aizsardzibas-process-134233

Is Parex Bank the KGB?

Posted on March 28, 2012 by admin1

A rumor has been going strong in Latvia for two decades: Parex Bank is the successor to the KGB in Latvia.

Parex obviously controls the Latvian government since the unnecessary Parex bailout is the highest-priority spending item in Latvian history.

If Parex controls the Latvian government, and Parex is the KGB, then doesn’t that mean…

It is easy to get former Parex employees to discuss the bank’s KGB connections when talking in private over a beer. But, it is difficult to get this information in writing. Here is one rare example, from the former Parex representative to Estonia.

Yeltsin Package email

Latvia ejected a Russian spy?

Posted on March 28, 2012 by admin1

When John Christmas was hired by Parex Bank, he was contacted by Dimitry Yermolaev, the Third Secretary of the Russian Embassy in Latvia, to have lunch.

Yermolaev informed Christmas that Parex was a criminal organization.

Christmas informed Yermolaev that the new Latvian government, run by Prime Minister Einars Repse, would crack down on corruption. At the time, a large corruption issue in Latvia was the obviously criminal purchase of the “Baltic Kristina” ferry. Parex was involved. Repse said that the government would take action.

Yermolaev informed Christmas that Repse will never take action against Parex because Repse worked for the “Jewish KGB Mafia” (Yermolaev’s words). Yermolaev said that in earlier years Repse worked in cooperation with former KGB agent Grigory Krupnikov to put Bank of Latvia (Latvian central bank) deposits into KGB banks.

The allegations were never investigated. The story has been censored by the Latvian press. Repse remains a leading Latvian politician.

The only action taken by the Latvian government was to eject Yermolaev from the country. Christmas had already been ejected from the country by this time.

pdf snapshot from 20 March 2012:

Dmitry Jermolayev

link, if not yet censored by Latvian authorities:

http://nra.lv/latvija/politika/44358-ekskluzivi-intervija-ar-krievijas-spiegu-dmitriju-jermolajevu.htm

Guntars Vitols of Parex Bank threatened whistleblower

Posted on March 28, 2012 by admin1

In late 2005, John Christmas learned that the Latvian State Revenue Service (VID) would look at the Parex Bank fraud information. This was great news, because the Latvian Prosecutors Office, Latvian financial regulator, Latvian central bank, Latvian Ministry of the Economy, and other government agencies refused to investigate.

Christmas knew that a senior person in the VID was the mother-in-law of the former President of Parex Asset Management, Guntars Vitols. Vitols spoke often about how much he hated the liars at Parex, and therefore it seemed possible that he wanted revenge.

Christmas asked Vitols to tell what he knew about tax evasion (paying employee bonuses in unreported envelopes stuffed with American hundred-dollar bills) to the VID. Christmas suggested going to the American FBI if the Latvian government did nothing.

Vitols apparently went to Parex and warned them that Christmas might go to the FBI instead of telling what he knew to VID.

Christmas received the warning from Jekaterina Ecina immediately afterward. Parex had sent thugs to look for Christmas.

Fortunately, Christmas was outside of Latvia and therefore safe. He reported the threats to the Latvian government with only one result: Vitols contacted Christmas and said that Christmas should expect a phone call from a prosecutor who will explain that Christmas must renounce the whistleblowing or else get prosecuted.

A prosecutor did not call, however Vitols himself called back. This time, Christmas was ready with a recording device. Vitols tried to convince Christmas to sign a false confession that the whistleblowing was not true, threatening arrest by Interpol and prosecution in Latvia otherwise.

In the transcripts and recordings below, Vitols (acting as an intermediary for Parex Oligarch Viktor Krasovitsky and the Latvian Prosecutors Office) communicates this illegal threat to Christmas.

It is possible to confirm from the recordings that Vitols himself was witness to at least two of the material frauds at Parex. He was witness to tax evasion (bonuses paid in envelopes). And, he was witness to the unreported issuance of stock options (he said “stock agreement” once and “stock option” later).

Continue reading →

Krisjanis Karins, Einars Repse, Ilmars Rimsevics, Janis Maizitis, Janis Kazocins

Posted on March 28, 2012 by admin1

Krisjanis Karins was Latvian Minister of the Economy at the time John Christmas blew the whistle on Parex Bank. Karins was one of the recipients of the original whistleblowing letter from 2005, together with Einars Repse (Minister of Defense), Ilmars Rimsevics (Governor of the Bank of Latvia), and Janis Maizitis (General Prosecutor).

All of these gentlemen ignored the whistleblowing and therefore hold reponsibility for causing the Latvian Financial Crisis. However, Latvian newspapers refuse to inform the Latvian people and therefore the same men are still running Latvia in 2012.

When Christmas began receiving murder threats from Parex, Karins told Christmas to report the problem to Janis Kazocins at the Latvian Constitutional Protection Bureau. Kazocins also ignored the problem and sat and watched while the national economy was destroyed. He also remains in power today.

Karins email

SAB email

Jekaterina Ecina of Parex Bank warned whistleblower

Posted on March 28, 2012 by admin1

The communication from Jekaterina Ecina of Parex Bank to whistleblower John Christmas in January 2006 was criminal in several ways.

Even though the communication was about a murder and a murder threat, the Latvian authorities refused to investigate.

Also, this communication has been censored from the Latvian media.

The Latvian government is comfortable spending billions of euros of taxpayer money on the unnecessary Parex bailout. However, the Latvian government is not comfortable spending thousands of euros to investigate an alleged murder involving Parex.

The email below was addressed to Andris Straumanis of LatviansOnline.com. This website has consistently refused to publish true information about Parex, presumably to paint a rosy picture of Latvia for Western Latvians who would be unhappy to know that thugs from the KGB still control Latvia now in 2012.

Ecina warning

Valters Kronbergs, Ernst & Young, Parex Bank

Posted on March 28, 2012 by admin1

When John Christmas learned in August 2004 that the financial statements of his employer, Parex Bank, were false, he blew the whistle as required by law. He gave a long list of frauds to Ernst & Young Baltics partner Valters Kronbergs. If Ernst & Young had withdrawn its audit opinions, as required by law, then the Latvian Financial Crisis never would have happened. Latvia would have a thriving economy today, like its neighbor Estonia.

Unfortunately, Kronbergs reacted to the whistleblowing by sometimes denying that the whistleblowing took place and sometimes getting angry at the whistleblower. The auditors refused to investigate the frauds and continued to sign Parex annual reports until 2009, after the nationalization.

Many more Parex frauds have been revealed in recent years, but the Ernst & Young auditors don’t care. They refuse to withdraw their opinions.

Below is an email in which Kronbergs denied the whistleblowing. It is a simple matter to analyze the wording of this email and determine that he was lying.

And, this paragraph is from a businessman who wrote to Christmas after seeing Kronbergs. While Kronbergs was denying that the whistleblowing occurred in emails, he was telling people that Christmas was a horrible person for being a whistleblower.

“Where are you? Still in Spain? What are you up to? I understand that you are not too popular in some quarters in Riga, especially dangerously – Parex – and some of the ex-pats [Valters Kronbergs] you apparently included in your assault on Parex? So I heard, but that does not mean any of it is true or otherwise.”

Kronbergs denial