Kategoriearchive: Ventspils Nafta

Astonishing: Prosecutor General’s Office too weak for Lembergs

Astonishing – yes – almost incredible, what we have to read today in the  English version of BNN-news.com. Obviously there is a big problem in the Latvian law and execution system. This in a country that is part of the European community !

Vitol’s questionable methods manipulated the outcome of the Ventspils Nafta („VN“) Shareholders‘ Meeting.

RIGA, LATVIA: Latvijas Naftas Tranzits („LNT“), the second largest (at least 39%) VN shareholder, is dissatisfied with the way the Management appointed by Vitol manipulated the Shareholders’ Meeting. Yesterday, July 27, 2011 the VN Shareholders‘ Meeting re-elected the entire Supervisory Board without any prior announcement.