COBALT represented AS Technobalt Holding and Tarmo Männasalu in the criminal case against the former managers of AS E-Profiil Toomas Jõgi and Martin Mehilane

COBALT represented AS Technobalt Holding and Tarmo Männasalu in the criminal case against the former managers of AS E-Profiil Toomas Jõgi and Martin Mehilane.

The Harju County Court convicted Toomas Jõgi, the former manager of E-Profil, of fraud, embezzlement and breach of accounting obligations. Toomas Jõgi must pay 15 million euros for the damage caused to both Technobalt and other investors. The judgment is extraordinary because the court satisfied the civil claims to a very large extent, and the amount must be paid by the convicted person himself, not by the bankrupt company. At the same time, Jõgi was sentenced to almost six years of probation, as well as a four-year business ban. Martin Mehilane, other previous owner and board member of E-Profiil was acquitted by the court.

AS Technobalt Holding and Tarmo Männasalu was represented by Partner Jaanus Mody and Managing Associate Lembit Tedder.