Latvian Shipping Company (LASCO) has received decision of Economic Police on recognition of LASCO as a victim within a criminal procedure, as the result during the period of the Year 2003 and 2005 the company due to charter contracts signed by the previous management at undervalue suffered losses more than 36 million US dollars. The criminal procedure was initiated for the features of a criminal offence, provided for in the Article 197 and 177, Part Three of the Criminal Law.