There is usually a reason for the high returns, namely, that the bank may be in trouble and is desperate to attract funds. Usakovs’ press secretary also noted that the mayor was receiving treatment in a hospital in Berlin last summer after a running mishap at a marathon, therefore he did not attend any of the events organized during the New Wave music contest, nor had he met with Antonov before that. Riga City Council has deposits of 10 million lats in Krajbanka, whose operations were halted by the Financial and Capital Market Commission after 200 million lats was discovered missing. It is quite likely that the council will lose t...

There is usually a reason for the high returns, namely, that the bank may be in trouble and is desperate to attract funds. Usakovs’ press secretary also noted that the mayor was receiving treatment in a hospital in Berlin last summer after a running mishap at a marathon, therefore he did not attend any of the events organized during the New Wave music contest, nor had he met with Antonov before that. Riga City Council has deposits of 10 million lats in Krajbanka, whose operations were halted by the Financial and Capital Market Commission after 200 million lats was discovered missing. It is quite likely that the council will lose t...