Country of Asset Location
Lithuania
Country that initiated legal action to recover proceeds of corruption
United Kingdom
Disposition of Criminal Case(s)
At time of reporting (2020), there was a concluded investigation/prosecution related to this case in the country of asset location (Lithuania) and country of origin (United Kingdom).
Stage of Asset Recovery
Assets returned
Legal basis for Asset Recovery in the country that initiated legal action to recover proceeds of corruption
Conviction-based criminal prosecution and confiscation
Court-ordered compensation, restitution, or damages awarded to a foreign jurisdiction
Legal Basis for International Cooperation
Bilateral Mutual Legal Assistance Treaty
Manner of Asset Transfer
Direct wire transfer to a centralized government account (e.g. general budget)
Contributing Factors in Asset Recovery
Other
Notes
Specific factors that helped make the asset return possible in this case was close co-operation with the law enforcement authorities in Lithuania in this criminal investigation.
Assets returned
#1
Assets returned
10,963,000.00 GBP
Assets Returned (USD equivalent)
$13,342,212.18
Date of return
June 2016
Asset Type at Time of Return
Cash/bank deposit
Agreement for Returned Assets
Yes – another agreement
Monitoring and Disbursement Arrangements
The agreement returned assets was an agreement for the funds to be used to settle the powerstation's debts.
Assets Confiscated
#1
Assets confiscated
410,786.14 GBP
Assets confiscated (USD equivalent)
$499,250.98
Date of confiscation
June 2016 - July 2019
Jurisdiction
United Kingdom
Asset Type at Time of Confiscation
Cash/bank deposit
USD Conversion date
October 2023
Date and Country of Case Submission
2023
United Kingdom
Data Source
Official information provided by country authorities