Guardian

Lithuanian court orders coverage of legal fees

November 18, 2024

A Lithuanian court has ordered three companies that are managed by BaltCap to pay EUR 29,400 in legal costs to Interactive Brokers Ireland (formerly the Hungary-based Interactive Brokers Central Europe). [..]

Lithuania

Stepukonis transferred EUR 31.6 mln to Olympic Casino shareholder in Estonia – court

April 26, 2024

Sarunas Stepukonis, a former partner at the BaltCap Infrastructure Fund, transferred 31.6 million euros to the account of OB Holding 1, the Estonian shareholder of Olympic Casino Group Baltija, a [..]

Lithuania

Stepukonis released, placed under intensive supervision for 3 months

March 24, 2024

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. [..]

Lithuania

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

February 28, 2024

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 [..]

Lithuania

Lithuania’s c. bank orders Paysera to provide info on Stepukonis’ gambled away millions

February 6, 2024

The central Bank of Lithuania has ordered Paysera to provide related information as Sarunas Stepukonis, a former partner at BaltCap Infrastructure Fund, an fund managed by BaltCap, an investment company, [..]

Lithuania

BaltCap sues Stepukonis, gambling companies for EUR 16.6 mln

January 26, 2024

BaltCap, a Baltic private equity fund manager, is seeking more than 16 million euros from Sarunas Stepukonis, a former partner with BaltCap Infrastructure Fund (BInF), and Olympic Casino Group Baltija [..]