Estonian Prime Minister Resigns Over Corruption Scandal, Reports Say
Jan 13, 2021
Moscow (Russia), January 13: Estonian Prime Minister Juri Ratas announced on Wednesday he was resigning in the wake of a corruption scandal around Tallinn's real estate development, the state-run Estonian Public Broadcasting (ERR) reported.
The PM stressed that the suspicions lodged by the Office of the Prosecutor General "do not mean that someone is definitely guilty", but have a serious impact, casting a shadow on the reputation of all the parties involved.
The outgoing prime minister stressed that despite taking political responsibility for the loan scandal, he was not fully informed about all the details.
Earlier this week, Estonia's public prosecutor's office said it suspected the Centre Party (which Ratas chairs) and five individuals of being involved in a corruption case: the party allegedly received financial support in return for approving a 39 million euros ($47.6 million) loan that Estonia's state credit agency KredEx provided to the Porto Franco real estate development.