I. Trinkūnaitė sold part of the shares, a new board was appointed

by times news cr

2024-07-10 22:39:15

Also, according to him, during the general meeting, the shareholders appointed new members of the board of Foxpay, which include professionals from the financial sector.

“Their knowledge will be very useful for Foxpay in this extraordinary time,” says S. Galatiltis.

According to him, the new shareholders and board will help ensure Foxpay’s ability to continue operating.

Also, according to the director, the new board will allow the company to solve the problems that arose due to the limited non-property rights of I. Trinkūnaitė and the board members who left the company.

S. Galatiltis says that Foxpay is currently waiting for the end of the inspection by the Bank of Lithuania and the conclusions of all other official investigations, which will answer questions and dispel doubts about the company’s future.

“We actively cooperate with all state institutions. We try to balance the legitimate expectation of the public sector and private clients to receive services, the interests of business partners and the research actions carried out by the institutions”, says S. Galatiltis.

As ELTA announced earlier, the owner of the financial technology company Foxpay, Ieva Trinkūnaitė, who was at the epicenter of the scandal, was going to purchase Litlab, which is managed by M. Navickis, the husband of conservative M. Navickienė.

However, the government’s Coordination Commission for the Protection of Objects Important to Ensuring National Security did not allow it to acquire Litlab.

In the Commission’s assessment, investor I. Trinkūnaitė does not meet the requirements of the Law on the Protection of Objects of National Importance.

Later, the delfi.lt portal announced that I. Trinkūnaitė’s environment has threatening connections with foreign institutions, natural and legal persons.

The story of “Foxpay” has been going on for several weeks now – the Bank of Lithuania continues its investigation into the company.

It was reported that it was decided to limit part of its activities. In turn, the Special Investigation Service (STT) also conducts a pre-trial investigation into the company’s activities.

2024-07-10 22:39:15

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