The Economic Crime Division of the State Police of Latvia ruled in favour of COBALT’s clients whose funds were seized on suspicion of a criminal origin. Throughout the process, COBALT secured favourable outcome for the client that resulted in release of the frozen funds and dismissal of the criminal proceedings, which had been initiated due to suspicions regarding the criminal origin of more than EUR 650,000. The Economic Crime Division agreed to COBALT submissions and concluded that the illegal origin of the funds could not be proven.
COBALT represented the clients, securing termination of the criminal proceedings and facilitating the release of the client’s frozen funds within eight months.
The client’s representation in the pre-trial investigation was handled by Partner Lauris Liepa and Senior Associate Gabriela Šantare.
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