International Internet Magazine. Baltic States news & analytics
Sunday, 21.12.2014, 23:36
Owner of Latvian metalworking company suspected of involvement in multi-million fraud scheme
This past spring, the State Revenue Service's Finance Police busted a group of 12 persons suspected of a large-scale VAT fraud scheme. The TV3 broadcast "Neka personiga" (Nothing Personal) previously reported that Dilers, one of Latvia's largest metalworking companies, and former Finance Police Internal Security Department Inspector Edgars Pukitis were at the heart of the scheme.
Dilers is the fourth largest metalworking company in Latvia. The company produces metal alloys and belongs to businessmen Pjotrs Cerekovs, Deniss Zaicevs and Sergejs Zaicevs. Last year, the company's turnover steeply increased to LVL 23 million. The company has also been allotted European structural funds.