Baltic fund sues former associate, casino operators for $18 million ...Middle East

Companies owned by BaltCap, the Baltics' largest private equity fund manager, are suing a former associate they allege misappropriated 16.7 million euros ($18 million), some of which is in the hands of two casinos, a Vilnius court spokesperson said. The BaltCap companies have asked the court to order Sarunas Stepukonis and the casinos to return the 16.7 million euros, plus 6% interest, the spokesperson said. The court filing has not been made public.

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