Sarunas Stepukonis, a former partner at BaltCap Infrastructure Fund, suspected of having embezzled millions of euros, was released from prison on Friday and placed under intensive supervision for three months.
“The prosecutor’s request to place the suspect under intensive supervision for a period of three months has been granted,” Ieva Stumbriene, spokeswoman for the court, told BNS.
Virginija Verveckaite, spokeswoman for the Lithuanian Prison Service, told BNS that Stepukonis was released in Vilnius on Friday after almost six weeks in custody.
Stepukonis was taken to the Financial Crime Investigation Service office for procedural steps and then brought to the Vilnius District Chief Police Commissariat where an electronic ankle tag was put and he was allow to go home.
Stepukonis was arrested on February 12. A court initially sanctioned his arrest for two weeks, which was later extended for another month until March 24.
European Delegated Prosecutor Darius Karcinskas requested that Stepukonis be placed under intensive supervision, made to wear an electronic ankle tag and not to communicate with certain persons. The request was to put this measure in place until June 20.
Stepukonis is suspected of having embezzled at least 27 million euros from the fund’s companies. However, prosecutors maintain that this amount could go up. BaltCap representatives have said around 40 million may have disappeared from the fund’s companies.
Prosecutors believe he gabled away most of it – more than 20 million euros. He may have diverted another part of the money to Interactive Brokers Central Europe, a Hungarian trading platform.
Two pre-trial investigations were initially launched against Stepukonis and they were merged in late February.
Source: BNS
(Reproduction of BNS information in mass media and other websites without written consent of BNS is prohibited.)