Court orders fines against former Latvenergo chiefs

The Riga District Court in Latvia has completed reviewing one of the Latvenergo bribery cases and ordered fines for former executives at the centre of the scandal.

The country’s Corruption Prevention Bureau found that executives from the Latvian power group had received around $10m in bribes, and were about to receive another $14m, when the bribe was intercepted.
Aigars Melko
The bribery occurred during the reconstruction of the Plavinas power plant and the Riga 2nd cogeneration plant, and may involve a total of 17 persons, according to local media.

On Monday, the court ordered the company's former vice-president Aigars Melko and company "Energy Consulting" head Andrejs Livanovics to pay hefty fines, and acquitted "Latvenergo" technical director Gunars Cvetkovs.

According to the indictment in the case, "Latvenergo" officials and employees were receiving bribes from August 2007 to June 2010 so "Latvenergo" would pick "Alstom Power Sweden AB's" bid for reconstruction of hydraulic units at the Plavinas power plant. The total amount of bribes, in this particular case, was €627,100.

Livanovics was charged with giving bribes, and Melko and his former colleague Cvetkovs with taking bribes

According to the court ruling, Melko will have to pay a fine of €48,100 and Livanovics €37,000 - Melko for unauthorized receipt of benefits and Livanovics for commercial bribery.

The full verdict will be released on January 25, after which the defendants will have ten days to appeal it.



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...