CORVUS client’s proceedings on criminally acquired property terminated, funds released from seizure, and criminal process closed
We are proud to share the success of our office attorneys: sworn advocate Kalvis Vanags and sworn advocate’s assistant Valērija Barišņikova have successfully represented the client’s interests in court proceedings concerning criminally acquired property, achieving the termination of the proceedings and the release of the client’s funds from seizure in the amount of more than EUR 1,300,000.
📅 In 2021, criminal proceedings were initiated for suspected money laundering, and the client’s funds were seized.
The case handler considered that the client’s bank accounts had possibly been used to launder financial means obtained through a criminal offense abroad, under the guise of fictitious and economically unjustified transactions.
📑 Upon examination of the criminally acquired property proceedings, both the first and second instance courts concluded that the body of evidence in the case does not provide grounds for assuming the criminal origin of the seized property, and the proceedings on criminally acquired property must be terminated.
⚖ As a result of legal assistance, the seizure of property was lifted, the initiated criminal proceedings were terminated, and the client regained control over their funds.