Financial Services, Latvia, Legislation, Markets and Companies, Metals Market

International Internet Magazine. Baltic States news & analytics Friday, 22.08.2014, 14:44

Owner of Latvian metalworking company suspected of involvement in multi-million fraud scheme

Nina Kolyako, BC, Riga, 29.06.2012.Print version
Deniss Zaicevs, the owner of Latvian metalworking company Dilers that is suspected of running a LVL 6 million value added tax fraud scheme, was released on a LVL 200,000 bail yesterday, LETA was informed by the State Revenue Service.

Deniss Zaicevs.

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.






Search site