Maag Grupp Tax Fraud Investigation – Estonian Food Industry

Estonian Food Conglomerate “maag Grupp” under Investigation for Alleged Tax Fraud

TALLINN,Estonia -⁢ Estonian tax authorities are investigating “Maag Grupp,” a ⁢leading Baltic food industry company,and five ​individuals linked to the group on suspicion of tax fraud exceeding 400,000 euros. The⁣ Estonian Tax and Customs Department’s investigation department has⁤ conducted searches at “Maag grupp’s” ‌offices and the homes of those connected to the company, according ⁤to Jānika ⁢Mendla, head of the investigation department.

The investigation centers on allegations of ⁤providing false information to the tax service. Authorities emphasize that, at this stage, these are only suspicions and a full investigation ⁢is underway.

“Maag Grupp,” fully owned by Estonian interests, has grown into a major player in the Baltic food market. The group reported nearly half a billion euros in sales revenue last ​year,‍ with a net profit surpassing six million euros. This followed a year with a significantly ​higher net profit of 32 million euros.

The “Maag Grupp”⁢ portfolio includes numerous companies across the Baltic ⁤region and beyond, including “Farmi Piimatoostus,”​ “Tere,” “Rannarootsi Lihatoostus,” “Nigula Piim,” “Nigula Pollumajudansuhistu,” “Mest Food,” “Meieri Transport,” “Poultry Meat,” “Maag Kinnisvara,” “Nordic Milk,” “Eesti Piimatoostus,” “deary,” and “Estonian Dairy” in Estonia, and also​ “MG Piens” ​in Latvia, “Pouttu” in Finland, “mest Food” in lithuania, and “avalon Foods” in Poland.