A group in Latvia has been accused of having laundered more than US$7.67 million by using fictitious plastic granule companies. Latvia State Revenue (VID), last week, recorded that it has started an assessment of evidence following multiple raids on business in Riga. From the search, document, mobile phones and computers were confiscated. However, the report shows there are still a group of people who are yet to be known. These same people are suspected to have registered since last year in companies in Latvia, Belarus, Russia and Australia to sell highly-priced biopolymer granules to squander illegal funds.
Authority stated that it has seized 520 tonnes of biopolymer granules, an equivalent to $5.48 million; however, the authority will not provide more information on this investigation.
