Lithuania's prime minister Paluckas resigned after reports linked a low-interest state-bank loan and EU grant money to a company in which he held a 49% stake
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What happened
Investigative reports in May and June 2025 linked Prime Minister Gintautas Paluckas to a EUR 200,000 low-interest loan from Lithuania's state development bank to UAB Garnis, in which he held a 49% stake. Later reporting alleged that UAB Dankora, owned by his sister-in-law, used over EUR 170,000 in EU funding for an electric-boat-charging project that appeared largely to benefit Garnis. The Financial Crime Investigation Service raided Dankora on July 31, 2025, the day Paluckas resigned, after President Gitanas Nauseda had given him a two-week ultimatum. Paluckas denied wrongdoing, called the allegations a coordinated attack, and said he stepped down to avoid bogging down government work; Dankora said it was unaware of his link to Garnis and returned the funds. His resignation dissolved the cabinet. No charges are reported.
By the numbers (2)
● confirmed by a primary document · ○ reported
Ownership
1 source
- OCCRP
in which Paluckas holds a 49 percent stake
Figures
1 source
- Liberties.eu
Paluckas received a €200,000 low-interest loan from Lithuania's state development bank while he held a 49% stake in Garnis company
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Response
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