Two men suspected of laundering over €21 million through luxury assets
Wednesday 16th September 2026 on 14:30 in
Lithuania
Two men are suspected of laundering more than €21 million in criminal proceeds by buying luxury property and cars, LRT reports, citing the Financial Crime Investigation Service (FNTT).
FNTT officers are conducting a pre-trial investigation organised by the Vilnius Regional Prosecutor’s Office. They suspect that a foreign national received bank transfers totalling more than €21.16 million in Vilnius, with the payments allegedly supported by fictitious loan agreements.
FNTT said the man allegedly knew the funds were obtained through criminal activity and sought to conceal their origin and create the appearance of lawful income. Between 2022 and 2026, he allegedly bought real estate and vehicles in his own name and those of family members.
Some of the purchases were allegedly made through another person who managed a private limited company, with part of the property registered in the company’s name to conceal the suspect’s actual ownership. The company’s manager has also been charged as a suspect.
The purchases included a house in the Riešė eldership in Vilnius District, two apartments worth more than €1 million in total in the Paupys district of Vilnius, and three more apartments worth over €2.6 million on Konstitucijos Avenue.
The vehicles included a Lamborghini Urus, Rolls-Royce Spectre, Mercedes-Benz S680 Maybach, BMW and Lexus models. Their combined purchase price was €1.245 million.
In September, FNTT officers carried out six searches at the suspect’s and his family members’ homes. They seized documents, electronic correspondence, laptops, phones, data storage devices, cash and jewellery relevant to the investigation.
A prosecutor from the third Criminal Prosecution Department of the Vilnius Regional Prosecutor’s Office has temporarily restricted the ownership rights to all the luxury property mentioned that belongs to the suspect and his family members.
The pre-trial investigation is continuing. A conviction for laundering criminal proceeds can carry a prison sentence of up to seven years.