Lithuania's Financial Crime Investigation Service (FNTT) has busted a group of Lithuanian and Latvian nationals who imported 50 tons of refined rapeseed and sunflower oil and sugar into Lithuania from Poland per week without paying the value-added tax (VAT).
FNTT offices
© DELFI / Šarūnas Mažeika

The international organized group, which was uncovered by investigators from the FNTT Kaunas Regional Board, failed to pay almost 200,000 euros in VAT to the Lithuanian state, the service said.

The group consisted of six individuals from Lithuania and Latvia, it said, adding that the number of suspects might increase.

According to the investigation, a company owned by several Latvian nationals purchased large quantities of refined sunflower and rapeseed oil and sugar from European-based producers.

These products were shipped to Lithuania and sold to a Kaunas-registered wholesaler that supplied them to retail chains and food product manufacturers.

In an effort to reduce the VAT payable, a fraud scheme was devised to create a chain of illegal transactions between producers and the direct buyer. The chain involved at least six fictitious firms headed by Latvian and Lithuanian nationals.

BNS
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.
Leave a comment
or for anonymous commenting click here
By posting, you agree to terms
Read comments Read comments

Jew savers to be honored in Lithuania

People who rescued Jews from the Holocaust during WWII will be honored in Lithuania on Friday.

"Soapy" Kinder chocolate eggs recalled in Lithuania

The sale of "soup-tasting“ Kinder chocolate eggs, brought into Lithuania from Poland by Lithuanian...

Formin calls for immediate removal of memorial plaque to Noreika

Foreign Minister Linas Linkevičius calls on authorities to take down a memorial plaque to Jonas...

Head of Santara Clinics steps down as dismissal deadline looms

Kęstutis Strupas , general manager of Santara Clinics, one of the country's largest hospitals, has...

Vilnius: your new pilgrimage destination

In preparation for Pope Francis ’ visit to Lithuania on 22-23 September, Vilnius is inviting...