Lithuanian MP Allegedly Acquired Property Worth 200,000 Euros Through Undisclosed Debt

Lithuanian politician Aidas Gedvilas has reportedly acquired significant assets, including commercial property and land, through a debt settlement with his son's company, Soltekana, under circumstances that have raised questions among journalists. Investigations by the media outlet "15min" and "Siena" suggest that Gedvilas gained ownership of over 100 square meters of commercial space in Šiauliai and a substantial portion of a nearly 4-hectare plot in the Aukštadvaris Regional Park.

According to registry center documents, the transactions were based on debt repayment. However, the journalists were unable to find any data explaining when, how much, or on what grounds the company owed such a debt to Gedvilas. This alleged debt is not reflected in Gedvilas's asset declarations, nor in those of his private interests. When approached by reporters, Gedvilas, a member of the Seimas "Nemuno aušros" faction, declined to explain the debt's origin, dismissing questions about his declared assets and loans as "irrelevant to the public."

The investigation further revealed that Soltekana, as indicated by its financial reports, is now left without any real estate, its long-term tangible asset value plummeting from approximately 194,000 euros to zero. Registry data confirms that Gedvilas did not pay the company for these properties; instead, Soltekana transferred them to him as settlement for the debt. There are no mentions of Gedvilas's supposed receivable debt in any of his asset declarations since 2019, when he served on the Vilnius City Council.

While Gedvilas's 2025 declaration shows an increase in his real estate value by about 70,000 euros compared to the previous year, the value of the commercial premises alone in Šiauliai is estimated by the registry center to be around 85,000 euros. The politician also acquired the land in the Aukštadvaris park, for which the company and Gedvilas had previously paid nearly 160,000 euros. However, the declared value of Gedvilas's land parcels has not changed from previous years, making it unclear from his declarations how the full extent of the assets transferred from Soltekana is represented.

This situation follows a previous "Siena" investigation in March that highlighted transactions involving companies managed by Gedvilas and his former spouse. Their company, "Aidma," sold two gas stations in the Šiauliai region over a decade ago for 645,000 euros to "Soltekana," then managed by Gedvilas's son. "Soltekana" later sold these stations to the "Jozita" chain. Registry data indicated the first transaction's value exceeded 1.7 million euros, while Gedvilas's son stated it was 1.45 million euros after VAT. The investigation noted that the gas stations were resold within just over a year for a price 800,000 euros higher than when they were initially sold to Gedvilas's son.