Tere AS' Oliver Kruuda arrested on suspicion of tax fraud ({{commentsTotal}})

Oliver Kruuda
Oliver Kruuda Source: (Postimees/Scanpix)

Dairy producer Tere AS’ CEO Oliver Kruuda was arrested as a suspect in a tax offense case on Tuesday. He and five others are suspected of having committed or aided and abetted income and value-added tax fraud in the amount of €375,000.

Six individuals suspected of having committed tax offenses were detained on Tuesday. Four of them are employees of Kruuda’s Tere AS, one of Estonia’s largest dairy companies. The North district prosecutor’s office stated that it would only release Kruuda’s name, as the other suspects weren't persons of public interest.

Senior prosecutor Maria Entsik told ETV’s “Aktuaalne Kaamera” on Tuesday that the six are suspected of having committed both income and value-added tax fraud, the former in the amount of €250,000, and the latter in the amount of €125,000. The investigation in the case began in December 2015, she said.

According to Entsik, Tere AS’ offices as well as the suspects’ homes were searched. Kruuda and the five other suspects will remain in custody for 48 hours.

The company’s statement in reaction to Kruuda’s arrest read that its management was convinced that all its accounting had been done in accordance with the law.

Editor: Editor: Dario Cavegn



Opinion
Easter Monday a public holiday? But you're forgetting productionEaster Monday a public holiday? But you're forgetting production
Estonia’s Easter Monday time loop: Discussing an additional day off

Every year, Estonia reliably asks itself the question whether or not Easter Monday should be made a public holiday. Opinions differ. While one side emphasizes the importance of family time, the other thinks an additional day off would threaten economic growth.

Minister of Social Protection Kaia Iva (IRL).Minister of Social Protection Kaia Iva (IRL).
Samost: Kaia Iva’s charisma could help IRL out of long-term low

In Sunday’s “Samost ja Rumm” radio debate show, editor-in-chief of ERR’s online news, Anvar Samost, and journalist and former politician Hannes Rumm discussed the potential and actual candidates for the chairmanship of the Pro Patria and Res Publica Union (IRL). At the time of the broadcast, Helir-Valdor Seeder had not yet made his intention to run public.