Mirjam-Mari Marastu money laundering and tax fraud network with Finland

here is a letter sent to us which was sent to finish tax board

We are currently engaged in legal proceedings against an Estonian company owned by Finnish and Estonian citizens.

 

We have engaged into an extensive analysis of the available financial and corporate information regarding these individuals and have discovered the existence of a large scale organization providing tax evasion and tax fraud facilities for Finnish citizens and Finnish companies.

 

This organization is owned by Finnish and Estonians, Estonian managed and its “customers” are Finnish taxpayers, both corporate and individuals.

 

According to our information (which is public and available from the Estonian Register of Commerce), the Estonian company Office Services Group OU (reg. number 11374672) is, directly or through its subsidiaries Administration Services OU (12126864), Offices Services OU (11078873), Financial Services OU (11877485)  and Legal Services OU (12126864) providing incorporation services, “accounting” services and secretarial services to Finnish citizens and companies. These companies are managed by the Estonian Citizen Mirjam-Mari Marastu.

 

The companies thus created have the common characteristics :

 

–       They are headquartered at the same address (Valge 13, Tallinn, headquarters of Office Services OU, Administration Services OU, Financial Services OU,…)

–       They are providing for sole contact details phone numbers and emails owned by Offices Services Group OU and its subsidiaries, showing the non-existence of an independent and real business.

–       They are failing to publish their financial results, providing total opacity.

–       They have no employees beyond the shareholders (Finnish citizens) and managers

 

The use of these companies is allowing the Finnish citizens to:

 

(i)            Hide their ownership of assets in Estonia from the Finnish tax authorities

(ii)          Receive revenue, in Estonian bank accounts, from these companies while not declaring it to the Finnish tax office

(iii)         Lower their companies taxable income in Finland by either (a) directly issuing invoices or receiving funds on the Estonian companies for products / services which are in fact delivered by the Finnish companies, and/ or (b) invoicing the Finnish companies for fictious provision of goods or services and / or (c) receiving funds from the Finnish companies which are then “reinvested” into fictious assets, and /or (d) lowering the reported value of the Estonian owned assets in the accounting of the Finnish companies.

 

We are sure that a cautious study by the Finnish Tax Administration of the declared assets and revenues of these Finnish citizens and Companies, as well as of the purchases made by the Finnish Companies from Estonian companies will allow the Finnish Tax Administration to detect the discrepancies in declarations and the fraudulous / ungrounded transactions, and therefore will allow Finland to recover the substantial amounts which have been evaded through these channels.

 

 

  1. A.    Individuals using bogus Estonian companies in order to hide their ownership of real estate in Estonia and the revenues from such real estate from Finnish Tax Authorities :

 

Juhana Lauri Virkkunen, (DOB 16.03.1972) co-manager and co-shareholder of 3a-Investments OU (Valge 13, reg number 12125735), share capital 2 500 €.

 

Ari Tapio Lehtoranta (DOB 22.04.1963), sole shareholder and manager of Hisra Investment OU (Valge 13, reg. number 11299054), share capital 50 000 EEK, ie around 3 000 €

 

Jukka Matti Harju (DOB 12.07.1950), sole shareholder and manager of Navitrek OU (Valge 13, reg number 11182659), share capital 50 000 EEK, ie around 3 000 €

 

Kirsti Hannele Mäenpää (DOB 20.07.1951), Mikko Tapani Mäenpää (DOB 18.03.1980), Osmo Tapani Mäenpää (DOB 30.10.1948), shareholders and managers of Skarpenfelt OU (Valge 13, reg number 12079308), share capital 2 500 €

 

The sole activity of these companies is to own shares of the Estonian company BOLTON REAL ESTATE, (Valge 13, reg number 11052218), managed by the Estonian citizen Mirjam-Mari Marastu (also director of Office Services Group OU, Office Services OU, Financial Services OU,…..), and which has a registered share capital of 8 161 620 EUR, and is officially owning the following real estate assets :

 

Harjumaa, Tallinna linn, Põhja-Tallinna linnaosa, Paljassaare tee 28E (Estonian cadaster 78408:809:0001, immovable number 12418901)

 

Harjumaa, Tallinna linn, Põhja-Tallinna linnaosa, Paljassaare tee 30c

(Estoninan cadaster 78408:809:0620, immovable number 16637601)

 

3a-Invetment OU shareholding in Bolton Real Estate is 111 726 €

Hisra Investment OU shareholding in Bolton Real Estate is 237 012 €

Navitrek OU shareholding in Bolton Real Estate is 204 799 €

Skarpenfelt OU shareholding in Bolton Real Estate is 191 710 €

 

As a result, instead of reporting to the Finnish tax authorities the ownership of assets in a combined value of around 750 000 € (Bolton Real Estate registered shares), these individuals report a combined value of around 10 000 € (aggregated capital of the bogus companies headquartered in Valge 13). Also, the revenues declared by these individuals (if any) is the revenue generated by their bogus companies, and not the dividends paid by Bolton Real Estate OU to their bogus companies.

 

Note #1 :

 

Bolton Real Estate has also other Finnish citizens as direct shareholders, and it is not sure that these individuals are properly reporting their assets to the Finnish Tax Administration.

 

These individuals are :

 

Jorma Junahi Kasslin (DOB 07.07.1953) holder of shares for a total amount of 349 092 €

Pauli Juhani Pekonen (DOB 03.06.1955), holder of shares for a total amount of 88 477 €

 

Note #2 :

 

The Finnish Citizen Bror Jan-Henrik Ralfson Schauman (DOB 12.09.1945), was, from June 2006 to September 2011, direct shareholder of Bolton Real Estate in an amount of  1 317 600 EEK (around 84 000 €). Since this date, this ownership has been transferred to Barken Kapital OU, Estonian company register code 12044385, sole owner OY Barken AB, managed by ), managed by Bror Jan-Henrik Ralfson Schauman, Joen Börje Gustav Schauman (DOB 11.07.1979) and Barbro Gunilla Planting-Schauman (DOB 01.01.1946). The registered capital of this company is 2 500 €.

 

It is unclear whether or not Bror Jan-Henrik Ralfson Schauman has declared to the Finnish Tax Authorities its initial ownerhip into Bolton Real Estate or the financial conditions in which such shares have been transferred to BARKEN KAPITAL OU, just as it is unclear whether or not OY BARKEN AB has declared its ownership within BARKEN CAPITAL OU to the Finnish Tax Authorities.

 

Note #3 :

 

The Finnish Citizen Eero Olavi Makkonen (DOB 02.04.1946) was, from June 2006 to May 2007, a direct shareholder of Bolton Real Estate, in an amount of 2 474 600 EEK (around 158 000 €). Since this date, it is the company EMCON OU (Valge 13, reg number 11388473), which he co-manages with Finnish Citizen Juha Ossi Kajavuori (DOB 26.01.1954) and whose sole shareholder is the Finnish company EMCON OY, who is the owner of these shares.

As of today, the value of the registered shares owned by EMCON OU in  Bolton Real Estate is 388 934 €. EMCON OU has a share capital of 50 000 EEK (around 3 000 €).

 

It is unclear whether or not Eero Olavi Makkonen has declared to the Finnish Tax Authorities its initial ownerhip into Bolton Real Estate or the financial conditions in which such shares have been transferred to EMCON OU, just as it is unclear whether or not EMCON OY has declared its ownership within EMCON OU to the Finnish Tax Authorities.

 

Note #4 :

 

The Finnish Citizen Osmo Tapani Mäenpää (DOB 30.10.1948) was, from June 2006 to May 2011, a direct shareholder of Bolton Real Estate in an amount of 1 712 900 EEK (around 109 000 €). Since this date, it is the company Skarpenfelt OU (Valge 13, reg number 12079308), share capital 2 500 €, which he co-owns and co-manages with Finnish Citizens Kirsti Hannele Mäenpää and Mikko Tapani Mäenpää which is the owner of the said registered shares (amounting today to a registered value of 191 710 €).

 

It is unclear whether or not Osmo Tapani Mäenpää has declared to the Finnish Tax Authorities its initial ownerhip into Bolton Real Estate or the financial conditions in which such shares have been transferred to Skarpenfelt OU, just as it is unclear whether or not Osmo Tapani Mäenpää has declared its ownership within Skarpenfelt OU to the Finnish Tax Authorities.

 

Note #5 :

 

 

The Finnish Citizen Lars Erik Ollberg (DOB 29.11.1956) was, from June 2006 to June 2009, a direct shareholder of Bolton Real Estate, in an amount of 823 600 EEK (around 52 000 €). Since this date, it is the Finnish company Promitos OY (reg. number 2241771-2) who is the own of these shares, which are amounting today to a registered value of 94 796 €.

 

It is unclear whether or not either Lars Erik Ollberg or Promitos OY have declared to the Finnish Tax Authorities their ownership of these shares or the financial conditions of transfer of these shares to Promitos OY, and whether or not Promitos OY has reported their current registered value to the Finnish Tax Authorities.

 

Note #6 :

 

The Finnish company OY Attica (registration number 0709130-4) was, from June 2006 to December 2010 a direct shareholder of Bolton Real Estate, in an amount of 1 152 900 EEK (around 73 000 €). Since this date, it is the Estonian company Attica Eesti OU (reg. number 12006628, share capital of 2 500 €) which is the owner of these registered shares, whose registered value is as of today 196 975 €.

 

Attica Esti OU is owned and managed by Maria Elisabeth Planting, (DOB 22.02.1954) Sam Arvid Mikael Planting (DOB 13.09.1952) and Bettina Margaretha Sandboge, (DOB 27.12.1982) who are also shareholders and managers of Attica OY in Finland.

 

It is unclear whether or not Attica OY has declared to the Finnish Tax Authorities their ownership into Bolton Real Estate and the conditions in which such registered shares have been sold to Attica Eesti OU, as well as it is unclear whether or not Maria Elisabeth Planting, Sam Arvid Mikael Planting and Bettina Margaretha Sandboge have declared to the Finnish Tax Authorities their ownership into Attica Eesti OU.

 

Note #7 :

 

The Finnish Citizen Ari Tapio Lehtoranta (DOB 22.04.1963) was, from June 2006 to September 2006, a direct shareholder of Bolton Real Estate, in an amount of 1 560 000 EEK (around 100 000 €). Since this date, it is the Estonian company Hisra Investment OU (Valge 13, reg. number 11299054), which is the owner of these registered shares (registered value as of today of 237 012 €). Hisra Investment OU (capital of 50 000 EK ie around 3 000 €) has for sole shareholder Ari Tapio Lehtoranta.

 

It is unclear whether or not Ari Tapio Lehtoranta has declared to the Finnish Tax Authorities its initial ownerhip into Bolton Real Estate or the financial conditions in which such shares have been transferred to Hisra Investment OU, just as it is unclear whether or not Ari Tapio Lehtoranta has declared its ownership withing Hisra Investment to the Finnish Tax Authorities.

 

  1. B.    Use of bogus Estonian companies to either reduce the tax liability of Finnish companies (through deduction from investments or goods or services invoiced) or to improve the financial results of the Finnish companies (through integration of a fake value of assets or fake profit)

 

The Finnish company IPON COMMUNICATIONS OY, register number 1847651-7., former subsidiary of Setera OY (register number 1947771-4.) and now merged with Setera OY, is a shareholder of the company HELINA TELEKOM OU (Valge 13, register number 11040379). This company, which is failing since two years to report its financial results and is having a tax debt to the Estonian Tax Office, is supposedly delivering Voice Over IP telecom services (same activity as IPON COMMUNICATIONS OY).

In fact, Helina Telekom OU, which has no technical resources, and no human resources beyond its director (Mirjam-Mari Marastu, Estonian Citizen with the profession of Lawyer), is completely unable to deliver such services.

As a result, any invoicing from HELINA TELEKOM OU to either IPON COMMUNICATIONS OY, SETERA OY, or VODACOM OY (registered  2101809-0  before being merged with SETERA OY) would have been completely fictious and would have had for only motivation to reduce the tax liabilities of these companies.

As well, any revenue consolidated by IPON COMMUNICATIONS OY from “activities” of HELINA TELEKOM OU would be fictious, just as any “investment” made by IPON COMMUNICATIONS OY into HELINA TELEKOM OU would be fictious.

 

 

 

 

  1. C.    Possible use of bogus Estonian companies to invoice fictious goods or services to Finnish companies and / or to invoice customers of the said Finnish companies on behalf of these Finnish companies (and/or collect funds from invoicing issued by these Finnish companies to their customers) in order to reduce the tax liability of the said Finnish companies.

 

It is highly probable that EMCON OU (Valge 13, reg number 11388473), managed by Juha Ossi Kajavuori and Eero Olavi Makkonen, director of EMCON OY (1965554-1) is either invoicing for fictious services its mother company, or invoicing customers for goods or services which are in fact delivered by EMCON OY.

Mirjam-Mari Marastu money laundering and tax fraud network with Nederlands

Here is a letter sent to us which was sent to Nederlands tax board

To:      Tax and Customs Administration/Limburg/Department of International Issues

Kloosterweg 22

PO Box 2865

6401 DJ Heerlen

The Netherlands

 

 

 

From:   XXXXXX                                                                              February, 1 2013

 

 

 

Dear Sirs,

 

 

We are currently engaged in legal proceedings against an Estonian company belonging to a network of several hundreds of companies organizing a tax evasion benefiting to individuals and companies in Finland, Italy, Germany and Netherlands.

 

According to our information (which is public and available from the Estonian Register of Commerce), the Estonian company Office Services Group OÜ (reg. number 11374672) is, directly or through its subsidiaries Administration Services OÜ (12126864), Offices Services OÜ (11078873), Financial Services OÜ (11877485) and Legal Services OÜ (12126864) providing incorporation services, “accounting” services and secretarial services to Netherlands citizens and companies. These companies are managed by the Estonian Citizen Mirjam-Mari Marastu.

 

The companies thus created have the common characteristics:

 

–       They are headquartered at the same address (Valge 13, Tallinn, headquarters of Office Services OÜ, Administration Services OÜ, Financial Services OÜ and etc.)

–       They are providing for sole contact details phone numbers and emails owned by Offices Services Group OÜ and its subsidiaries, showing the non-existence of an independent and real business.

–       They are failing to publish their financial results, providing total opacity.

–       They have no employees beyond the shareholders (Netherlands citizens and companies) and managers, who are either co-directing the companies along with Mirjam-Mari Marastu and her accomplice Meelis Lääne, or are simply acting as shareholders.

 

The use of these companies is allowing the Netherlands citizens to:

 

(i)             Hide their ownership of assets in Estonia from the Netherlands tax authorities

(ii)           Receive revenue, in Estonian bank accounts, from these companies while not declaring it to the Netherlands tax office

(iii)          Lower their companies taxable income in Netherlands by either (a) directly issuing invoices or receiving funds on the Estonian companies for products / services which are in fact delivered by the Netherlands companies, and/ or (b) invoicing the Netherlands companies for fictitious provision of goods or services and / or (c) receiving funds from the Netherlands companies which are then “reinvested” into fictitious assets, and /or (d) lowering the reported value of the Estonian owned assets in the accounting of the Netherlands companies.

 

We are sure that a cautious study by the Netherlands Tax Authorities of the declared assets and revenues of these Netherlands citizens and Companies, as well as of the purchases made by the Netherlands Companies from Estonian companies will allow the Tax Authorities to detect the discrepancies in declarations and the fraudulent / ungrounded transactions, and therefore will allow Netherlands to recover the substantial amounts which have been evaded through these channels.

 

Tax evasion network organized in the profit of the following Netherlands citizens and companies:

 

The Netherlands citizens Cornelia Johanna Maria Oudmaljer, DOB 15.02.1960 and Willem Gerardus Johannes Antonius Van Meer, DOB 22.09.1960, are the managers and shareholders of the Netherlands companies BalMedia Print Management BV (KvK registration number 24168127) and W. Van Meer Holding BV (KvK registration number 24173184).

 

The company W. Van Meer Holding BV is the sole shareholder of the Estonian company Let’s Print Management OÜ (registration number 11284532), co-managed by Cornelia Oudmaljer, Willem Van Meer and the Estonian citizen Mirjam-Mari Marastu.

 

This company is the sole shareholder of the Estonian companies Let’s Publish OÜ (registration number 1157462), co-managed by Willem Van Meer and Jan Hernen De Brujn (DOB 07.05.1954).

 

It is also the sole shareholder of the Estonian companies Prest OÜ (registration number 12351437) and VMVM Business OÜ (registration number 12363096), managed by Mirjam-Mari Marastu.

 

All these companies are headquartered in Valge 13, Tallinn, and do not have no employees beyond the managers. Mrs Mirjam-Marastu is a Lawyer, not a professional printer, and there are no facilities or equipment in Valge 13 address allowing executing printing works.

 

Let’s Print Management OÜ is also the co-shareholder of the Estonian company Oldtimer Archives OÜ (registration number 12407149, also headquartered in Valge 13), the other shareholder being Oldtimer International Media OÜ (registration number 12399272, also headquartered in Valge 13), managed by Meelis Lääne, who is himself sole owner and manager of the sole shareholder of Oldtimer International Media OÜ, Punaana OÜ (registration number 11912460).

 

Whereas none of these companies has the capabilities to deliver any king of goods and services related to printing due to (a) the absence of employees beyond the managers and (b) the absence of technical or logistics facilities in Valge 13, and whereas Valge 13 is used by Mirjam-Mari Marastu to host hundreds of bogus companies dedicated to tax evasion, we strongly advise the Tax Authorities to:

 

–       Investigate the existence or not of a reporting of ownership of assets by W. Van Meer Holding BV (KvK registration number 24173184) under the form of shares of the Estonian company Let’s Print Management OÜ.

–       Investigate the financial transactions between the companies W. Van Meer Holding BV and Bal Media Print Management BV and any of the Estonian companies listed above, which will show being ungrounded deliveries of goods or services.

–       Investigate the possibility that such Estonian companies are used in order to invoice directly Netherlands customers of BalMedia Print Management BV (www.balmedia.net) from Let’s Print Management OÜ or its subsidiaries.

 

 

 

 

Another company with strong political links involved in Autorollo affair

Äripäev writes that Autorollo Ltd, a trucking firm that belonged to the father of current Minister of Environmental Affairs Keit Pentus-Rosimannus before it went bankrupt under mysterious circumstances had done shady business with Autovaal Ltd.

Autovaal belongs to Tehnovaal Ltd which was founded by and belongs to Toomas Tauts, prominent member of IRL.

Tauts is an influential member of IRL, the party of the Minister of Economic Affairs Juhan Parts, and on the proposal of Parts, sits on the supervisory board of Eesti Energia.

One connection that Autovaal has with Autorollo is that it lent money to Autorollo that was having financial problems and later transferred its claim against Autorollo to Renalto Invest Ltd which belonged to lawyer Siim Roode and helped to empty Autorollo of assets.

Between November 20 and 25, 2009 Autovaal made two money transfers to Autorollo in the total amount of 500,000 kroons (about 30,000 euros).

When Äripäev asked Toomas Tauts about the transaction he offered no comment.

Rain Rosimannus who is suspected to have been the mastermind behind the scheme to empty Autorollo of assets said he had nothing to do with Autorollo.

Loan contract of Autorollo probably forged

The scandal implicating the influential Rosimannus family has got a new twist as a loan contract with which trucking firm Autorollo lent 2 million kroons to a Russian businessman based in Pskov seems to have been forged.

Äripäev tracked down Roman Moiseev, the Russian businessman in Pskov who allegedly borrowed the money from Autorollo. He denies any knowledge of the debt and said he has never met the company’s executives.

In 2010 the trucking company that belonged to Väino Pentus, father of Keit Pentus-Rosimannus, Minister of Environmental Affairs and one of the most influential members of the Reform Party, had lent 2m kroons in cash to a Russian citizen Roman Moiseev.

In addition, the company lent 1 million kroons to Est-Trade Group, a company of Hillar Talts that is being liquidated.
By the time when the loan contracts emerged, the company had gone under the control of Siim Roode who is closely linked to Keit-Pentus Rosimannus and Rain Rosimannus.

Creditors of Autorollo say that the fact that no-one in the company have actively claimed back the loans, seems to indicate it was disguising outflow of cash from the company.

The loan contract signed with Roman Moiseev, a Russian businessman, has his date of birth on the contract, but his signature is different from that on the loan contract.

“My date of birth, names and home address shown on the contract are accurate,” he confirmed.

Moiseev said that Estonian media had this week sent him the loan contract that he had allegedly signed. He says that while his personal data on the contract are accurate, the signature is forged.

Moiseev says that although he often visits Estonia, at the time when the contract was signed he was not in Estonia.

Another sign that everything is not above board with this contract is that although the cash to Moiseev was paid out by Väino Pentus, the only signature on the contract is that of Moiseev which now seems to have been forged.

“I don’t even know a company called Autorollo,” said Moiseev yesterday.

Tiit Pohl who in 2008 sold Autorollo to Väino Pentus and was the company’s board member until 2010 said that Rain Rosimannus had helped Autorollo borrow 8 million kroons from Swedbank back in 2008.

The loan was secured by Kredex.

Pohl said that Rain Rosimannus also advised Väino Rosimannus in the company’s acquisition.

According to Pohl, Rosimannus wanted to get the loan from Nordea because they had leased their trucks from Nordea, but Nordea refused.

Pohl says that Rosimannuses were actively involved when the company was already going under and gave orders how to siphon assets out of the company and hide its debts.

“They even told the board member of Autorollo to tell the company’s customers to pay to a bank account in SEB and not to the one in Swedbank because Swedbank could have seized the money. They also hired lawyers to ensure that they were able to line their pockets as much as possible,” said Pohl.

Rain Rosimannus admitted yesterday that he had met with Swedbank representatives over the loan to Autorollo, but he says that he remembers nothing about obtaining a security from Kredex.

Rosimannus still claim that he had nothing to do with managing Autorollo and was simply helping his wife and his wife’s father.

Son of Siim Kallas involved in Autorollo affair

Ülo Kallas, son of European transport commissioner Siim Kallas, helped Rain Rosimannus, one of Reform Party’s most influential members, to secure a loan for Väino Pentus, father of current Minister of Environmental Affairs Keit Pentus-Rosimannus, writes Äripäev.

Pentus who owned trucking company Naitsirk needed money to buy Autorollo, a trucking company that belonged to Tiit Pohl. He bought the company and merged them into Autorollo which soon afterwards went bankrupt under suspicious circumstances.

The loan of almost 600,000 euros was granted by Swedbank to Naitsirk Ltd in 2008 when Ülo Kallas worked as head of project financing department in Swedbank in Estonia. This loan was never repaid.

Although Kallas who now works as head of capital markets of Finance Estonia at first denies having mediated the loan or contacts, he then admits that he helped to make sure that Rosimannus met with the “right people” at the bank.

“I did it because I knew Rosimannus,” said Ülo Kallas to Äripäev, adding that the loan in question was too small for his department.

The seller, Tiit Pohl, has claimed that the loan which was granted in 2008 was managed by Väino Pentus and Rain Rosimannus. According to Pohl, at first they asked a loan from Nordea, but it refused.

When Äripäev asked Rain Rosimannus for confirmation, he said that he cannot comment it because of the ongoing court dispute.

Although Rosimannus claims that he was simply advising the company’s restructuring, was doing a favour to the father-in-law and played no active role in the company, he admitted that he helped to apply the loan.

The loan in question was guaranteed by Kredex, a state export credit agency. The Finance Ministry has now said that in its opinion Kredex did nothing wrong in backing the loan that was used to procure transport vehicles and equipment and that Kredex had not violated EU state aid rules.

This is questionable because while EU rules prohibits to use state aid for acquisition of road transport means  and vehicles and therefore Kredex was banned to secure loans that are used to buy road transport means and vehicles, this is exactly what happened.

Namely, the objective of the loan was for to acquire a company whose main assets were transport means. Although legally OK, Kredex essentially violated EU rules.
The agency’s internal auditor is currently conducting an audit of the activities of Kredex with regard to guaranteeing the loan. The findings of the audit are expected to be reported at the end of January.

After Autorollo stopped repaying the loan, Swedbank filed a bankruptcy application against it and the company was declared bankrupt in 2011. Swedbank received most of the loan in the amount of 330,000 euros back from Kredex which made Kredex Autorollo’s biggest creditor. According to Eesti Ekspress, Kredex considered the loan irrecoverable and sold it for 3,500 euros.

Rosimannus’ friend, lawyer Siim Roode who became owner of Autorollo in spring 2010 after the company developed financial problems, has said that Swedbank should not have granted the loan to Autorollo because it was obvious that the company was not able to service the loan.

Roode said that an audit also showed that the holding that Väino Pentus bought from Tiit Pohl was worth only half of what was agreed, or about 400,000 euros.
The creditors of Autorollo have now sued Keit Pentus-Rosimannus, Rain Rosimannus and Siim Roode, claiming more than half a million euros from them.

Paper: Enterprise Agency instructed Ericsson to break EU rules

An audit made by the Finance Ministry shows that the Estonian arm of Swedish manufacturer of telecommunication equipment Ericsson may have to repay EUR 1.2m for grant that it received from business support agency Enterprise Estonia, writes Eesti Päevaleht daily.

Ericsson that acquired the former Elcoteq assembly plant in Tallinn in 2009 for EUR 30m had applied for a grant from Enterprise Estonia to acquire new production lines and necessary software.

The total investment made by Ericsson was EUR 4.7m, but the problem was that the company started to invest it before the grant had been paid out.

According to the auditors, Enterprise Estonia was aware of the potential breach of rules, but had encouraged the manufacturer to go on with the investment regardless.

EU funding rules for grants require that investments are not made before the grant has been approved. The logic of this requirement is that if the company goes ahead with the investment before the grant has been paid out, taking such a risk means that the company could have managed also without such a grant.

“The letter sent by Enterprise Estonia to Ericsson Estonia on December 17, 2009, recommended that they go ahead with orders for equipment, with only the invoicing and payment to take place after the application was submitted,” said the auditors.
Ericsson is one of the 61 grant projects that, according to auditors, have been financed in violation of EU funding rules which means these grants can be reclaimed from recipients.

In several cases, Enterprise Estonia has retroactively re-classified the grants so that they fit with EU rules and regulations.

Enterprise Estonia has argued that the activity had not actually taken place before the application was submitted.

Raul Parusk, the acting head of Enterprise Estonia, has said that Ericsson had not started activities covered with the application before having received the yes from Enterprise Estonia.

Because of similar scandals, Ülari Alamets resigned two weeks ago as head of Enterprise Estonia.

Commenting news that Ericsson Eesti, one of Estonia’s largest foreign investors, may be forced to repay EUR 1.2m in a grant that it received from Enterprise Estonia, Seth Lacman from Ericsson Eesti says that  it would not be a problem.

In an interview to Aktuaalne Kaamera news program on ETV, Lackman said that the company had acted in accordance with the instructions received from Enterprise Estonia and is now waiting for the agency to offer a solution to the problem.

Lackman said that if the company is ordered to repay EUR 1.2m, it would be done.
Estonia has applied for a special permission from the European Commission to retroactively allow such derogation from EU rules, but it is most unlikely to be granted.

Tax authority to get tough with chronic tax debtors

the big joke… how MTA discovers this !!! after closing the eyes for so many years

 

 

gon Veermäe, deputy head of the Estonian Tax Authority, said yesterday that more than 150 companies systematically owe tax, writes Äripäev.

Veermäe said that the authority plans to introduce measures this year to reduce tax arrears which means that such companies that have chronic tax debts could be filed for bankruptcy by the state.

“We have analysed our receivable portfolio and seen that these companies have ongoing business activities, but do not pay tax as required. This year the state will take decisive measures against such companies,” he said, adding that the law has always allowed the tax authority to get tough on companies with tax arrears, but in practice it has been seldom used.

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Veermäe said that the combined tax debt of such companies grows in average by EUR 12m.

According to the tax authority, of about 18,000 new companies that were set up last year, around 5,800 started actual activities. Of them, about 600 or 12% are considered tax risks and could have been set up for various tax fraud schemes.

Of new companies set up last year, 28% paid tax in the total amount of EUR 15.5m.

Veermäe said that the tax authority is keeping an eye also on 300 high-risk enterprises.

“These problem companies cause the state to lose about EUR 70m a year,” he added, mainly as a result of VAT fraud and unreported salaries.

“This year, like last year, we plan to concentrate on those who inflict the biggest tax damages and that in our priority areas like construction, used car sales, forestry and food service and accommodation establishments,” he said.

Marek Helm, general director of the tax authority, says that VAT fraud remains a priority concern area and that 70% of the agency’s auditing resources is spent on VAT issues.

Last year tax authority collected EUR 4.76 billion in taxes which is 2.3% more than the 2012 target. This year’s target is a little more than 5 billion euros.

 

 

Margus Vaino Santa Monica AS Director – criminal cases opened

We have received information, that Margus Vaino, Santa Monica AS director has several criminal cases lately opened against him after he tried to racket and extort large sums of money from a foreign investor; he has committed several of private property invasions and harmed physically the mentioned businessman in front of a number of witnesses.

Definitely, during this period of crisis, all the ways seem to be good to make money in Estonia. After fraudulent bankruptcies with the shamelessly hijacked assets just like it happens each day in Estonia, it seems that old good mafia methods are again becoming popular.

Margus Vaino does not seem at his first time to get protection because his enterprise seems to be a supplier of Estonian secret police.

Invest Estonia investigates for you and we will certainly keep you informed – another dirty story that does not encourage investment into this imitation of a civilized country.

Margus Vaino Santa Monica AS direktor – kriminaalmenetlus algatatud

Meieni jõudis info, et Margus Vaino, Santa Monica AS direktori vastu on hiljuti algatud krimnaalmenetlust seoses sellega, et ta on teinud mitu väljapressimiskatset.

Eelmainitud isik nõudis välismaiselt investorilt suurt rahasummat, ta olevat samuti mitmekordselt tunginud eraomadisse ning tekitanud füüsilist kahju sellele isikule mitme pealtnägija juuresolekul.

Näib tõesti, et Eestis on majanduskriisi perioodil «papi lõikamiseks» kõik vahendid head. Pärast petlikke pankrotistumisi häbiväärselt varastatud aktiividega, mis on igapäevane asi, on nähtavasti head vanad maffia meetodid on jälle moes.

See pole, vastavalt saadavatele andmetele, Margus Vaino esimene kord kaitset saada – tema firma on KAPO tarnija.

Invest Estonia uurib asja Teie jaoks ning me lubame hoida Teid kursis – veel üks räpane lugu, mis ei ajeta investeerima sellesse tsiviliseeritud riigi imitatsiooni.

SEB employees are selling rich clients and companies information and account details

SEB. its employees sell rich clients and companies information and account details to any one for even 500 eek.Few brilliant thieves in SEB are Kairit Kirs, Eduard , Terje Reimann,Karin Kirs and list is endless.