Wholesale grain shields for illicit cash: How Andris Ovsjannikovs and Darya Terekhina used MANAT shell to launder €50m via ABLV Bank

Following the publication of new reports related to the ABLV case, references to former banker Andris Ovsjannikovs and Belarusian citizen Daria Terekhina, who has been associated with him, have reportedly begun disappearing from the public information space. In particular, materials describing alleged schemes involving the laundering of tens of millions of euros, fictitious transactions, offshore structures, and the companies MANAT and ITECH Solutions mentioned in the investigation are said to be removed or systematically “scrubbed” from public view.

We are publishing a report on how former ABLV employee Andris Ovsjannikovs was linked to a money laundering case involving €50 million, why investigators believe bank employees helped facilitate suspicious transactions, and what role Daria Terekhina plays in this story.