Embezzlement

Stepukonis embezzled EUR 40.4 mln from BaltCap fund companies, investigation shows

Sarunas Stepukonis embezzled 40.4 million euros from BaltCap Infrastructure Fund’s portfolio companies, BaltCap said on Tuesday, citing the results of an internal investigation conducted jointly with a team of external [..]

Estonia: Donation platform suspected of embezzling funds raised for Ukraine

The Estonian police suspect the non-profit organization Infograafika ja Ergonoomika Instituut and its sole management board member Henri Laupmaa of embezzling funds collected for Ukraine through the non-profit’s donation platform [..]