Juri Ratas, the Prime Minister of Estonia, resigned in connection with the prosecution's investigation into corruption suspected among members of the government. The case concerns a development project in the capital city of Tallinn.
The Prosecutor General's Office announced that the Estonian Center Party, together with its Secretary-General Mihhail Korb, had been involved in corrupt activities. The subject of the investigation is the financing of development activities in the capital city of Tallinn.
"In politics, sometimes you have to make difficult decisions to solve complicated situations," said Prime Minister Juri Ratas while announcing his resignation and denying that he was aware of the corrupt aspect of investment.
According to suspicions, party secretary Mihhail Korb asked Estonian businessman Hillar Teder for financial support of the party, amounting to up to €1 million a year. In return, it offered a loan of €39 million for a development investment – Porto Franco housing estate – in Tallinn. The loan was granted in July 2020, but due to the high amount, it required approval from the ruling coalition. Accordingly, the state-owned KredEx agency was able to award funds to the businessman. Since then, he has supported the Center Party financially, and in January this year he handed it over, according to the findings of the prosecutor's office, €120,000.