Raitis Nešpors, a board member at the company, confirmed to LTV that the company was searched but did not reveal which offices were searched and what the authorities seized.
Anastasija Udalova, another board member at Latvijas Autocelu Uzturetajs, has resigned from the post citing family reasons, says LTV.
An earlier investigation by LTV's De Facto claimed that Udalova, also the wife of Estonian millionaire Oleg Ossinovski, was the person who lent €500,000 which was used as bail money for former insolvency business high flier Māris Sprūds in early March.
Back then, Udalova confirmed that she knows Sprūds, but did not confirm that she had loaned the money.
The State Police are investigating a scheme in which, the police say, two insolvency administrators overseeing liquidation of Trasta Komercbanka in 2016 joined up with another four persons to run an extortion scheme.
In June 2017 the State Police carried out 16 searches, seizing a number of important documents and arresting several properties, luxury automobiles, and hundreds of thousands of euros in cash.
Six persons were detained in the case, among them former insolvency business high flier Māris Sprūds was kept behind bars until mid-February 2018 and released after his brother Kristaps posted a record-high €500,000 bail.