Vilnius sells Kaliningrad by auction
Officers of justice destrained upon the property of Kaliningrad region representatives in Vilnius and prepare it to sale.
"Accompanied by 2 policemen 3 officers of justice arrived to Kaliningrad representatives at Friday afternoon and made inventory on property till late at night: building, furniture, computers, and other things".
Building and property were out on auction because regional administration and Development Fund of Kaliningrad region took $10 millions as a credit in bank. Money were used on modernization of battery farm "Baltbirdprom". Administration of Kaliningrad region didn`t return loan at the end of credit term.
Bank on its turn appealed to imposing penalties firm Duke Investment Limited. Property of Kaliningrad regional administration was found only in Lithuania: it turned to be representative office in center of Vilnius. Total amount of property is $25 millions.
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