ABLV denies everything, takes no questions

Embattled ABLV bank February 14 called a "press briefing" to respond to allegations by the U.S. Treasury that the bank is a massive money laundering operation.

However, the briefing consisted only of ABLV Deputy Chief Executive Vadims Reinfelds reading out a prepared statement for five minutes in which the bank denied responsibility for all the allegations against it.

The bank "fully supports" the U.S. state department's fight against illegal activities and was willing to supply all necessary information to answer the allegations, Reinfelds said. He also said the bank's internal checks were fully up to scratch but that it was always possible third parties had misused the services provided by the bank.

"We will continue to check" he said and "completely denied" allegations the bank had ever paid bribes, saying the bank had turned to the Latvian police and KNAB anti-corruption force asking them to investigate.

Even so, Reinfelds - who is also deputy chairman of the Association of Latvian Commercial Banks - looked decidedly uncomfortable throughout with his voice cracking so that he had to be handed a bottle of water to continue.

Journalists were not allowed to ask any questions.

 

 

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