Former Baltcap Employee Accused of Financial Misconduct Lithuanian authorities have uncovered allegations of financial misconduct involving Sharunas Stepukonis, a former employee of Baltcap, one of the Baltics’ oldest investment companies. According to a report published by Pealtnägija on Wednesday evening, Stepukonis is accused of misappropriating over 40 million euros from the company. Baltcap, established in 1995 by Peeter Saksa, has a long history of investment activity, having overseen investments of hundreds of millions of euros across nearly 120 companies and projects throughout the Baltics and Europe. The company’s portfolio spans various sectors and includes investments across the region. The investigation suggests that following the initial misappropriation, Stepukonis also engaged in efforts to inflate the customer base of the netcasinos business. Details regarding the specific actions taken are still emerging. This case involves a significant sum – over 40 million euros – and raises concerns about internal controls within the company. Authorities are continuing their investigation, and further details are expected to be released as the inquiry progresses. The full extent of the financial irregularities and their impact on Baltcap’s operations are currently under review. Topics: #company #millions #euros Post navigation The convicted shooting star attacks critics: you can never know the whole truth «I won’t play any silly games here.» Mallukas earns a salary that is envied (1)