A Syrian citizen currently residing in Dubai is now an investor in the substantial “Riga Waterfront” real estate project. However, this individual was previously convicted in Denmark for a major money laundering offense several years ago. This information was revealed by Latvia’s LTV’s De Facto investigative program on September 27th. The report is part of a collaborative investigation with the European Broadcast Union (EBU) investigative journalism network. The investigation highlights potential concerns regarding the source of funds for the “Riga Waterfront” development. The details surfaced during a broader probe into investment origins for the significant project in Rīga. This raises questions about due diligence procedures for foreign investors in Latvian real estate.