Skip to content

Lithuania

January 29th - February 4th, 2024 | Week 22 | Month 5

Lithuania Weekly: alleged embezzling of millions of euros

During this reporting week, Lithuania focused on one of the most significant financial crimes in recent history: the detainment of former BaltCap equity fund manager Šarūnas Stepukonis, suspected of misappropriating €27 million. In response to the scandal, BaltCap is withdrawing from several high-profile commitments. Notably, the investment fund has handed over the construction of the national stadium to another developer, causing delays and majorly increased costs. Pro-Kremlin outlets covered the Šarūnas Stepukonis case extensively, claiming he was not working alone and naming specific officials who “stood behind all of that”. Kremlin-aligned media outlets again used this domestic scandal to promote an anti-government narrative, accusing the current government of having direct ties with Stepukonis and jointly benefitting from the embezzlement.

by Urtė Andriukaitytė

Main narratives:

  • Anti-government narratives;
  • The government is corrupt;
  • Mistrust in the Lithuanian courts and the judicial system in general.

Overview:

During this reporting week, Lithuania focused on one of the most significant financial crimes in recent history: the detainment of former BaltCap equity fund manager Šarūnas Stepukonis, suspected of misappropriating €27 million. In response to the scandal, BaltCap is withdrawing from several high-profile commitments. Notably, the investment fund has handed over the construction of the national stadium to another developer, causing delays and majorly increased costs. Pro-Kremlin outlets covered the Šarūnas Stepukonis case extensively, claiming he was not working alone and naming specific officials who “stood behind all of that”. Kremlin-aligned media outlets again used this domestic scandal to promote an anti-government narrative, accusing the current government of having direct ties with Stepukonis and jointly benefitting from the embezzlement.

Weekly Reports
Refugees

Estonia Weekly: Kremlin Voices Exploit Refugee Relocation Debate

August 18th - August 24th, 2025

Inga Ruginienė

Lithuania Weekly: Pro-Kremlin Media Exploits Debate Over Inga Ruginienė’s Nomination

August 11th - August 17th, 2025

free Ukraine

Latvia Weekly: Propaganda Portrays Trump-Putin Talks as Abandonment of Latvia

August 11th - August 17th, 2025

swine fever

Estonia Weekly: Swine Fever Crisis Framed as Government Incompetence

August 11th - August 17th, 2025

drone

Latvia Weekly: Narratives Portray Latvia as a Pawn of the West

August 4th - August 10th, 2025

Estonia

Estonia Weekly: Slur Controversy and Health Board Scandal Feed Public Outrage

August 4th - August 10th, 2025

drone

Lithuania Weekly: Drone Incident Used to Undermine Trust in National Defense and NATO

July 28th - August 3rd, 2025

Latvia military

Latvia Weekly: Drone Support to Ukraine Framed as Aggression in Kremlin Media

July 28th - August 3rd, 2025

Jürgen Ligi

Estonia Weekly: Dismissive Remarks from Officials Fuel Kremlin Narratives

July 28th - August 3rd, 2025

Lithuanian Riflemen's Union

Lithuania Weekly: Kremlin-Aligned Outlets Twist Jobless Aid Talk into Military Draft Claim

July 21st - July 27th, 2025

Don't miss a story.

We publish stories that change laws, lives, minds and the world. Subscribe to our newsletter to get our investigations delivered to your inbox.