Latvian probe alleges airBaltic employee embezzled over €55,000 through spare‑parts scheme
Based on · First reported · Updated
- Latvian authorities are investigating an airBaltic employee suspected of embezzling more than €55,000 from the airline’s reserve fund by arranging transactions through three legal entities, and of selling spare parts to a Lithuanian company while receiving a kickback.
- The employee’s company bought the spare parts from airBaltic and resold them for $370,000, including a €55,360 markup that created an unjustified profit, with part of the proceeds transferred to an intermediary company and private bank accounts, prompting KNAB to forward the criminal case to the Prosecutor’s Office for further investigation.
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