Heiti Salumets Photo: Andras Kralla
Äripää’s most popular stories this week were about real estate, an auction with an unexpected end and the secret heirs of the owner of the casino business.
On Monday we wrote that a Tartu real estate developer argued so badly with one of his clients that he refused to sell him a house. The court still forced the developer to hand over the keys to the buyer, but he still has not received much of the agreed upon sales amount.
Under the leadership of the Farmada real estate company, new homes have been built for more than 160 families in Haaslava near Tartu. In the spring of 2021, among others, Martin Kabral signed an agreement with Farmada for the purchase of a new semi-detached box house.
According to the contract the house was to be completed by the end of August of the same year at the latest. Within a few months, the relationship between the developer and the home buyer became so bad that the matter had to be resolved through lawyers.
After a year and a half of litigation, Kabral was able to move into his new home in October this year. So far, however, the developer has only received a 10% deposit from him, or 13,000 euros for a house worth almost 130,000 euros. “Today the person became the owner, but we did not receive the money,” Salumets said.
The article does not mention Martin Kabral, the manager of Inwood OÜ. It is his namesake.
Become a multimillionaire overnight
The fortune of Jaan Korpusov, who sold the Olympic casino empire for a lot of money and left us in September, was inherited by his mysterious relatives.
“Whoever was supposed to inherit, inherited. Those who were not supposed to get it were deprived of it,” said one of Äripää’s heirs.
Last month Armin Karu, Jaan Korpusov’s former business partner, also believed in an interview with Eesti Ekspres that the notary would find Korpusov’s heirs. “After all, a very rich person died.”
Korpusov founded the investment company Hendaya Invest in 2006, and in the same year the company acquired a 35% stake in Olympic Entertainment Group. Olympic was sold to the Novalpina fund five years ago, after which Armin Karu received 136 million euros and Hendaya Invest, owned by Korpusov, received almost 55 million euros.
Despite his great wealth, Korpusov, who lived a modest life, left us in September, leaving no descendants.
Who are Korpusov’s heirs and what they said, read here.
The documents found in the oven helped the criminal case progress
At the hearing of the case of lawyer Küllike Nammi, former head of the Land Board Kalev Kangur and Toomas Tamme, one of the owners of AQVA Hotels, which began a year later than expected, the court accepted the documents found in the sauna stove at Tamme’s house during the search of the hood, on the basis of which a criminal case was initiated.
The parties involved are accused of collectively committing large-scale fraud. According to the prosecution, in the civil case they deceived the judges and in two court cases they were ordered to pay 635,000 euros by Roodevälja Terminal OÜ, which operates a fuel terminal near Rakvere.
In opening speeches in the criminal case held at the Rakvere court of the Viru County Court, the defendants unanimously said they did not understand the charge. Of course they also pleaded not guilty.
Excessive enthusiasm and an unexpected gift
Scandalous Tartu businessman Aivo Pärna got the chance of his life: a law enforcement officer, rather unknown to the public, gave him a gift of potentially 755,000 euros.
“It’s a scam. I called Pärna and told her to come to her senses, I don’t know you. What damage have you suffered, but it was a completely useless chat. Figuratively speaking, I fell for nothing,” says another entrepreneur of Tartu, Heiti Salumets, from whom Pärn demands an enormous sum.
Pärn, however, laughs at this story. “Who told him to make such an offer? Salumets is a rich man and has many properties, so that’s what he did. He can’t say he was that stupid.”
How the absolutely incredible course of events developed, read here.
How to avoid sanctions
Critical weapons components can easily reach Russia with the participation of Estonian entrepreneurs, the experiment by Delovõje Vedomosti, Äripää’s sister newspaper, has shown.
A year after the imposition of sanctions on microelectronics, the West is forced to admit that the effects of the restrictions were short-lived: microchips continue to arrive in Russia through diversions. Even Western manufacturers of microcontrollers (commonly used electronic components, so-called smart chips – ed.) are not able to monitor all channels through which their products move.
The Estonian Tax and Customs Board (EMTA) seeks to closely monitor anyone trying to export sanctioned goods from across the European Union’s eastern border. In response, companies are rearranging their deliveries so they don’t have to deal with European customs.
Listen to the program that summarizes the “Eripäev etris” week:
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Tarmo Ulla: Would he invent a piggy bank that defeats TikTok How to win the attention of young people in the age of information deluge?
Financial knowledge is the lowest among 18- to 29-year-olds. We should understand how to bring monetary wisdom to this age group, writes Tarmo Ulla, supporter of the Edukas Estonia opinion competition, head of personal banking at Swedbank.
Financial knowledge is the lowest among 18- to 29-year-olds. We should understand how to bring monetary wisdom to this age group, writes Tarmo Ulla, supporter of the Edukas Estonia opinion competition, head of personal banking at Swedbank.
Important this week: five things to expect
The week that has begun offers a few more days to subscribe to the initial issue of Infortar, a bond offering on the national exchange will end, and the macro picture for investors investing in the United States will reveal the unemployment rate in the United States.
The week that has begun offers a few more days to subscribe to the initial issue of Infortar, a bond offering on the national exchange will end, and the macro picture for investors investing in the United States will reveal the unemployment rate in the United States.
VIDEO: How to start from scratch when you’re at the peak of your career
After the end of his professional career, the great cyclist Tanel Kangert concentrated on his bicycle shop. But how do you know when the time is right to end a high-level career and find focus for a new life?
After the end of his professional career, the great cyclist Tanel Kangert concentrated on his bicycle shop. But how do you know when the time is right to end a high-level career and find focus for a new life?
VIDEO: How to start from scratch when you’re at the peak of your career
After the end of his professional career, the great cyclist Tanel Kangert concentrated on his bicycle shop. But how do you know when the time is right to end a high-level career and find focus for a new life?
After the end of his professional career, the great cyclist Tanel Kangert concentrated on his bicycle shop. But how do you know when the time is right to end a high-level career and find focus for a new life?
Estonia’s most successful company reaps the benefits of Infortar’s IPO
The IPO of the owner company, Infortar, opens some doors for Eesti Gaas, said Margus Kaasik, head of Eesti Gaas, recognized as the most successful company this year.
The IPO of the owner company, Infortar, opens some doors for Eesti Gaas, said Margus Kaasik, head of Eesti Gaas, recognized as the most successful company this year.
Top managers of large companies on sustainability: throwing away the iPhone is not the solution, it is the long-term strategy
Throwing iPhones in the trash and giving up chips is not a long-term solution to the climate problem, but companies need to make more sustainable decisions for each product and service step by step, top managers of foreign companies told the “Elephant in the Room” of the economic forum in the Budget.
Throwing iPhones in the trash and giving up chips is not a long-term solution to the climate problem, but companies need to make more sustainable decisions for each product and service step by step, top managers of foreign companies told the “Elephant in the Room” of the economic forum in the Budget.
Buy the ‘broken’ window: Tesla is cashing in on what was once a fopa
Tesla is selling a Cybertruck window sticker for $55 that makes it appear as if the four-wheeler’s window is broken, CNN reports.
Tesla is selling a Cybertruck window sticker for $55 that makes it appear as if the four-wheeler’s window is broken, CNN reports.
The embattled Tartu builder has angered the following homebuyers: “Why am I paying a bank loan for a poorly executed project?”
In Tartu’s new development, work has been delayed and buyers’ patience is running out. The promoter, in dispute with tax debts and employees, accuses meddling clients who do not want to understand the entrepreneur’s difficult situation and the efforts made.
In Tartu’s new development, work has been delayed and buyers’ patience is running out. The promoter, in dispute with tax debts and employees, accuses meddling clients who do not want to understand the entrepreneur’s difficult situation and the efforts made.
2023-12-03 09:33:00
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