As Vilnius District Court representative Giedrius Janonis told BNS on Monday, this was done after the court extended the preventive measure – intensive supervision – applied to the accused V. Germanas for another three months by the ruling of July 29, counting the term from August 16.
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This ruling also changed the amount of another preventive measure applied to V. Germanas – bail – increasing the sum to 2 million euros.
Another part of the bail – 1 million euros – was paid earlier into the prosecutor’s deposit account.
As BNS wrote, at the same time this ruling changed the conditions of intensive supervision, obliging the accused to constantly wear an electronic monitoring device and not to leave home from 9:30 p.m. to 1:30 p.m., except in cases related to the need for health care services, and not to leave the territory of Vilnius city.
Under the current conditions of intensive supervision, which are valid until August 16, V. Germanas cannot leave home.
The accused was detained for almost one and a half years, but the laws do not allow a person to be held in detention for more than 18 months, so in mid-February V. Germanas was released. Two preventive measures were applied to him – a bail of 1 million euros and intensive supervision with an electronic bracelet.
Vilnius District Court extended the temporary property restriction on the assets of the company “Exawatt,” associated with V. Germanas, for six months a week ago.
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In this large-scale case, V. Germanas is accused of fraudulently appropriating cryptocurrency mining equipment worth more than 23 million euros in an organized group with Mindaugas Navickas, Alfonsas Ambrazas, and Andrius Razma.
V. Germanas is also accused of possessing forged identity documents, as fake Greek, Portuguese, and Bulgarian identity documents with his photos were found in a safe during searches.
The trial was scheduled for mid-July but postponed to September because the plaintiff’s Hong Kong and Portuguese companies must submit additional documents at the request of the defendants’ lawyers.
This criminal case was separated from the “Foxpay” pre-trial investigation, in which law enforcement suspects the legalization of at least 17 million euros of illegally obtained funds and bribes totaling 100 thousand euros.
In 2024, the prosecution announced that crimes related to “Foxpay” under investigation include embezzlement, theft, large-scale fraud, bribery, corruption, and legalization of criminally obtained property.
