Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2012
Criminal convictions involving senior figures
Vladimir Antonov was accused of fraud and misappropriation of US$290 million. In August 2012, the cited source states that Antonov was sentenced to six years in prison and former board chairman Ivars Priedītis to five years; assets were seized from both.
2011
Collapse following the bankruptcy of Snoras
The bankruptcy of the Snoras banking group led to Latvian state intervention, the takeover of Latvijas Krājbanka and the bank's liquidation.