Estonia: Narva city council leaders under criminal investigation

Estonia’s Prosecutor General’s Office has opened a criminal investigation of the leadership of the Narva city council over suspected embezzlement, ERR reports. The investigation is looking at possibly illegal payouts to the chairman of the city council, Mihhail Stalnuhhin, and his deputy, Jana Kondrasova. Earlier, city councillors Aleksei Jevgrafov and Jaan Toots of the Estonian…

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Lithuania: Fugitive Russian banker extradited from France

The fugitive Russian banker, Vladimir Antonov, has finally been extradited from France to Lithuania, BNS reports. Earlier, France’s highest court rejected Antonov’s appeal against extradition. In December 2025, he was arrested in western France, where he had been living under an assumed identity. Antonov and his Lithuanian business partner, Raimondas Baranauskas, have both been convicted…

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Lithuania: Deputy agriculture minister resigns amid corruption probe

Lithuania’s Deputy Minister of Agriculture, Arunas Jagminas, has resigned amid an investigation into possible corruption, BNS reports. Lithuania’s Special Investigation Service (STT) suspects Jagminas of abusing his office to embezzle high-value property in his role as director of a construction company in Silute, BNS reports. In addition, the corruption probe has implicated the director of…

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Lithuania: New developer takes over national stadium project in Vilnius

Lithuanian real estate developer Hanner will take over the project to build a new national stadium in Vilnius, the city’s mayor, Valdas Benkunskas, announced, BNS reports. Vilniaus Daugiafunkcis Kompleksas, the original concessionaire on the project, is managed by private equity fund management company BaltCap, which is mired in a major embezzlement scandal. Under the new…

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Lithuania: BaltCap fund manager suspected of stealing EUR 30mn

Lithuania’s Vilnius City District Court has approved a request from the European Public Prosecutor’s Office (EPPO) to arrest Sarunas Stepukonis, former partner at Estonia-registered BaltCap Infrastructure Fund (BInF), BNS reports. Stepukonis is suspected of embezzling at least EUR 27mn from the fund. His current whereabouts are unknown. BaltCap has sued Stepukonis and casino operator Olympic…

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