At the weekend in Jurmala, the 52-year-old head and co-owner of the pharmaceutical company Olainfarm Valery Malygin. According to local media, the cause of death is not disclosed yet, InfoResist reports..

The representative of the enterprise, member of board Salvis Lapinsh has specified, that the decision on new management Olainfarm will be accepted by council of the enterprise. Most likely, an emergency meeting of the council will be convened next week.

According to Skaties portal. lv with reference to the police, the criminal proceedings commenced in connection with "criminal acts concerning the health of the individual". The criminal proceedings were started on the basis of Section XIII of the Latvian Krai - "Criminal acts in relation to the health of a person".

Malygin became chairman of the board of Olainfarm after privatization of the enterprise in 1997. Under his leadership, the company became one of the largest in Latvia with a turnover of more than 100 million euros and exports to more than 50 countries.

In the top 100 richest people in Latvia, compiled by the newspaper Dienas Bizness, Valery Malygin took seventh place with a fortune of 70 million euros.

Olainfarm, in addition to cosmetics, is Europe's leading manufacturer of meldonia, which caused last year a global doping scandal.

Meldonium is a quality drug that can help both sick people and healthy people, Malygin then said.

"As for meldonia, it is a very weak dope, but it works, it is often used by mountaineers. This is a good product, and it can be used not only by sick people, but also healthy, for strengthening the body and prevention, "said Malygin.