"Yes, this is the plan. Twelve years in politics is enough," the politician told BNS on Monday, adding he would go back to business.
Nevertheless, the MP made a precondition for his resignation. In his words, the court ruling in his respect will have to be fair.
"The ruling has to be fair. I am charged with organizing some group, some writing and signing of declarations. Declarations for three years were signed by different chairmen, including me. I want my status just like that. The case does not contain a single piece of evidence that I did something, received something, or instructed someone to do something wrong," said Uspaskich who stands fraud charges.
He does not intend to leave the Labor Party he has founded.
"I have no intention of leaving the party, I am a man of ideas," said the politician.
On the other hand, he refused to reveal his plans about running for the 2014 elections to the European Parliament.
"I will decide when time comes," he said.
In his words, Uspaskich's transfer to the business sector would not affect the performance of the ruling center-left coalition.
"So what. The coalition will continue working as it did in the past. I have never planned to work with the right wing," he added.
Uspaskich has been member of the Lithuanian parliament since 2000. He has served as Lithuania's economy minister. He was elected to the 2012-2016 parliament as a member of the Labor Party, therefore, his seat would be filled by another candidate on the party's list.
The Labor Party is on trial for failing to include more than 24 million litas (EUR 6.7m) in income and 23 million litas in spending in its books in 2004-2006.