Estonian Prime Minister Yuri Ratas has announced his resignation following allegations of corruption in his party.
Yuri Ratas has resigned / REUTERS
Estonian Prime Minister Yuri Ratas has resigned over a corruption scandal in his party.
On January 12, the Centrist Party of Estonia as a legal entity, as well as five citizens, was suspected of corruption, reports German wave.
Last year, businessman Hilar Teder reportedly agreed with Centrist Party Secretary General Mikhail Korb that Teder would donate up to one million euros to the party before the local elections. In response, Teder’s Porto Franco was to receive a € 40 million loan through the KredEx fund set up by the Ministry of Economy and Communications.
In the third quarter of last year, Teder transferred 60,000 euros to the Centrist Party.
Meanwhile, in early July, the board of the KredEx fund discussed the issue of granting a loan to Porto Franco, and on September 3, the government approved the decision.
Police have already detained four suspects. Korb’s party secretary general said he was also resigning.
However, according to the Chief State Prosecutor of Estonia Taavi Pern, there is no reason to claim that Ratas himself knew about the agreement between the businessman and the leader of the Centrist Party.
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