Gintautas Paluckas withdraws from electronics firm Emus amid corruption investigation

Former Lithuanian prime minister and current MP Gintautas Paluckas has transferred his 51% stake in Vilnius-based electronics manufacturer Emus to co-owner Mindaugas Milašauskas, business registry data shows, as prosecutors seek to lift his legal immunity over corruption allegations, LRT reports.

As of April 27, Milašauskas—previously holding 49%—now owns the company outright. The move follows a request by Prosecutor General Nida Grunskienė to strip Paluckas of parliamentary immunity, accusing him and his wife of acquiring assets worth nearly €344,578 through unexplained income.

Paluckas, who led Emus from 2010 to 2017, confirmed last week he would suspend his Social Democratic Party membership and waive immunity via an expedited parliamentary procedure. He and Milašauskas still co-own a similar firm, Garnis.

The investigation stems from journalistic reports into Paluckas’s business ties, including a €200,000 low-interest loan from Emus in July 2025 and a separate €200,000 state-subsidised loan to Garnis from Lithuania’s national development bank. The Special Investigations Service (STT) launched a pre-trial probe last year, while the European Public Prosecutor’s Office and Financial Crime Investigation Service (FNTT) are examining potential credit fraud linked to the Garnis loan.

Paluckas resigned as prime minister and party leader in August 2025 but retained his parliamentary seat.