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According to the data from the pre-trial investigation, the illegal lender operating in Klaipėda and Klaipėda County worked together with real estate agencies, which provided it to clients. The lender entered into notarized and written loan agreements with its clients as collateral for the property, but clients were advised that the agreement would include a larger amount than they intended to borrow, and the excess is said to be the lender’s remuneration for the service.
Officials found that the lender negotiated monthly interest payments with the borrower, which ranged from 1 to 4 percent and depended on the value of the mortgaged property – the lower the property’s value, the higher the interest rate. The interest was immediately calculated for several months before. In order not to interfere with law enforcement, the lender required that all payments be made in cash only, either directly or by bus.
Loan agreements were entered into for a period of several months. At the end of the term, if the full amount of money specified in the contract had not yet been repaid, clients would continue to pay interest until they found money to repay the loan; otherwise, they would be threatened with bailiffs and foreclosure. There have been cases where the loan has been late for up to several years and the amount of interest paid has even exceeded the amount of the loan received.
In doing so, the illegal lender is suspected of entering into at least 60 written and notarized loan agreements with real estate collateral. It is estimated that more than 934 thousand loans could be granted to natural and legal persons. euros Investigators suspect that the amount of remuneration received by the lender and the interest paid, which were not declared, amount to almost 105 thousand. euros.Therefore, the state budget may not have paid about 15 thousand. personal income tax in euros.
The pre-trial investigation was organized and controlled by the Klaipėda Regional Prosecutor’s Office. The prosecutor, having drawn up the indictment, referred the case to the Klaipėda City Council of the Klaipėda District Court.
Carrying out economic, commercial, financial or professional activities without a license (permit) is punishable by the most severe prison sentence of up to four years.
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