Lithuania: Son Of First President’s Widow Sentenced For Tax Evasion

No Comment 8 Views

The son of Lithuania’s first president’s widow was sentenced on Friday for tax fraud in a criminal case launched after OCCRP’s Lithuanian partners exposed his property in Florida and illegal possession of some 400 thousand dollars.

Investigative outlet 15min. exposed in 2017 the hidden dealings of a hotel company owned by Ernestas Butrimas and his mother Kristina Brazauskiene, the widow of modern Lithuania’s first president. Documents discovered with OCCRP’s research tools proved that the UAB Draugystes Viesbutis company acquired a mansion in Florida which it then sold for a huge profit. The asset and the deal were never declared to Lithuanian authorities.

The mansion in Coconut Creek, a planned community nearly 40 miles north of Miami, was bought in 2010, for US$220,000. Six years later, Draugystes Viesbutis sold it for $420,000. In its annual reports, the company stated it owned no real estate whatsoever.

After the story broke, Lithuania’s Financial Crime Investigation Service launched an investigation into the company and its director Butrimas.

Read the original article here:

Get headlines, breaking news, and jobs announcements delivered to your inbox. Sign up for our daily newsletter.

Share This Page
Industry Webinars
FEATURED Solutions