Crime, EU – Baltic States, Financial Services, Funds, Legislation

International Internet Magazine. Baltic States news & analytics Saturday, 23.10.2021, 21:26

Latvia: Businessman charged with attempt to defraud EUR 4 mln from EU funds

BC, Riga, 01.09.2020.Print version
The prosecution has handed down to the court a criminal case, charging a businessman with an attempt to defraud more than EUR 4 mln from the EU funds and laundering EUR 1.4 mln of the defrauded funds, LETA learned from the prosecution.

The defendant is a sole board member of a company that wished to defraud EUR 4,105,381 from the EU funds.


In 2010 the defendant signed an agreement with the Latvian Investment and Development Agency (LIAA) on production of carbamide and NKP as a result of utilization of manure, being aware that the actual business activities will not be conducted.


The defendant organized a chain of forged transactions, imitating business activities, requiring EUR 4,105,381 from LIAA. LIAA paid the sum partly - at the amount of EUR 2,053,674.


Then the defendant laundered EUR 1,420,000, masking the source of the money, the investigators said.


LETA learned from the court that the defendant is Tomass Zukovskis, and the first court hearing is set for February 3, 2021.


Dienas Bizness business daily reported in 2012 on the carbamide project in a pig farm in Sala county. The project had to be implemented by Micro Tech Baltic company, and the company's board member was Zukovskis.


According to Firmas.lv, Micro Tech Baltic was liquidated in 2019, and the company's sole owner was Zukovskis. Micro Tech Baltic assets were arrested by the Criminal Police in 2016. 






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