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15th November, 2017

Mall.hu services suspended after NAV raid



The tax authority NAV raided the offices of online store Mall.hu on Tuesday after launching an investigation into a suspected Ft 4.5 billion in tax fraud.

The website and the business activities of Mall.hu have been suspended due to “technical problems”.

NAV said that it was pursuing a criminal organisation that was behind the business.

Mall Hungary, the company that operates the online mall, suffered losses in the range of Ft 900 million to Ft 1.6 billion on revenues of Ft 9-11 billion during 2014-16.

Mall Hungary is owned directly by Dutch company Netretail Holding, which was purchased by Czech investment capital fund Rockaway Capital in 2015.


Sources regularly consulted, with abbreviations used in text: Népszabadság (N); Magyar Hírlap (MH); Világgazdaság (VG); Napi Gazdaság (NG); Magyar Nemzet (MN); Népszava (Nsz); Kossuth Rádió news (KR); nightly TV news (TV).

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