By Linas Jegelevicius in Vilnius A manager at investment fund BaltCap is suspected of embezzling and gambling away as much as €30mn at casinos, exposing supervision loopholes in the fund, bank and gambling industries. BaltCap announced that it was firing one of its partners, Sarunas Stepukonis, back in November, quoting “financial mismanagement”. Although it turned to law enforcement over a suspected misappropriation of assets, the story only exploded in the media in late January when more details emerged. LRT.lt, the website of Lithuanian national broadcaster LRT, reported on February 6. On F…