The bank is involved in a 100 millions euros scam.
The french authorities sued Rietumu and asked the bank to secure 20 millions euros as security bond. The future of this bank is unclear. France firepower in terms of tax recovery is quite harsh. They are investigating money laundering evidences around Rietumu banka. They can squeeze the Latvian government for that as they desperatly need money just like in the UK. When you are on the radar of the tax authority from one country directly or...
Stay away from Rietumu banka
The french authorities sued Rietumu and asked the bank to secure 20 millions euros as security bond. The future of this bank is unclear. France firepower in terms of tax recovery is quite harsh. They are investigating money laundering evidences around Rietumu banka. They can squeeze the Latvian government for that as they desperatly need money just like in the UK. When you are on the radar of the tax authority from one country directly or...
Stay away from Rietumu banka