EU – Baltic States, Financial Services, Latvia, Legislation, Taxation
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Tuesday, 23.04.2024, 17:36
Latvia, Netherlands catch international gang of tax fraudsters
The criminal group has been engaging in tax fraud in the Netherlands since
2012, cheating the country for about EUR one million, and criminal proceeds in
the amount of EUR 1.7 million were legalized in Latvia, including through
investments in real estate.
The group used the companies it controlled in Latvia and the Netherlands to
recruit about 400 Latvian nationals to work in the Netherlands where they were
being employed in violation of the Dutch laws, with forgery of documents among
the violations.
The international criminal group included two Dutch citizens representing a
holding well-known in the Netherlands. They were detained on October 31 in the
Eindhoven airport as they had returned to the Netherlands after a yet another
business trip to Latvia. Another member of the criminal group - a Dutch citizen
permanently residing in Latvia - was detained based on the European Arrest
Warrant issued by the Netherlands.
During the operation, ten people were questioned in Latvia and searches
conducted at seven locations. Also, inquiries have been sent to the Latvian
credit institutions about the current accounts used to ensure the transfer of
criminal proceeds between the Netherlands and Latvia.