Estonian Food Conglomerate “maag Grupp” under Investigation for Alleged Tax Fraud
TALLINN,Estonia -โข Estonian tax authorities are investigating “Maag Grupp,” a โขleading Baltic food industry company,and five โindividuals linked to the group on suspicion of tax fraud exceeding 400,000 euros. Theโฃ Estonian Tax and Customs Department’s investigation department hasโค conducted searches at “Maag grupp’s” โoffices and the homes of those connected to the company, according โคto Jฤnika โขMendla, head of the investigation department.
The investigation centers on allegations of โคproviding false information to the tax service. Authorities emphasize that, at this stage, these are only suspicions and a full investigation โขis 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 โyear,โ with a net profit surpassing six million euros. This followed a year with a significantly โhigher net profit of 32 million euros.
The “Maag Grupp”โข portfolio includes numerous companies across the Baltic โคregion and beyond, including “Farmi Piimatoostus,”โ “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 alsoโ “MG Piens” โin Latvia, “Pouttu” in Finland, “mest Food” in lithuania, and “avalon Foods” in Poland.
