A civil court judgment issued in Vilnius in March 2025 brought attention to a business conflict involving Aliaksandr Kozyrau, also known as Alexander Kozyrev, a Lithuanian resident originally from Belarus. The court examined a complex situation involving share ownership disputes, internal company management, and significant financial operations.
As outlined in the court documents, Kozyrau held an executive role in a Lithuanian-registered IT company. He was initially involved in administrative support and corporate oversight. Over time, questions were raised concerning the validity of shareholder records and the handling of company finances.
The court reviewed a series of transactions that took place in early 2023, during which more than €525,000 was transferred from corporate accounts to accounts controlled by Kozyrau or entities associated with him. The origins and justifications for these payments were later challenged during litigation.
The funds, intended for operational use and employee salaries, were transferred under various descriptions, including as "dividends" or "loans." These movements raised concerns about potential mismanagement or misuse of corporate assets.
The court concluded that several share transfer agreements registered over a period of months lacked legal validity and ordered their annulment. In its ruling, the court held Kozyrau personally liable for over €525,000 in damages, in addition to legal fees.
Following the civil case, law enforcement authorities in Lithuania launched investigations under several articles of the country’s criminal code. These include suspected offenses related to:
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misappropriation of corporate funds,
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destruction or misuse of property,
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falsified documentation,
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irregular accounting practices,
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and wage-reporting violations.
As of the time of publication, criminal proceedings remain ongoing. All individuals involved are entitled to the presumption of innocence unless and until proven otherwise by a competent court.
This legal case illustrates how corporate leadership roles carry significant fiduciary responsibilities and how deviations from transparent practices can lead to legal disputes and enforcement actions.
This article is based solely on public records and does not constitute an accusation or legal opinion. It is intended for informational purposes only and respects the principles of neutrality and due process.
