Tallinn Circuit Court’s total acquittal judgement regarding Selver AS

With judgement dated 20 January 2016 in case no. 1-14-3730 Tallinn Circuit Court acquitted Selver AS and its former employee Tiiu Valk on all charges and earlier conviction by the court of first instance. Selver AS was awarded costs for legal assistance. Selver AS is sincerely glad for circuit court’s ruling regarding Selver AS and Tiiu Valk.

On 29 April 2014, Tallinna Kaubamaja Grupp AS released a stock exchange notification regards the prosecution of its subsidiary, Selver AS and on 29 April 2015 a stock exchange notification regarding judgement of conviction by Harju County Court. Selver AS challenged the judgement of Harju County Court in full at the circuit court. According to the charge, Selver AS, Rimi Eesti Food AS, Maxima Eesti OÜ, Prisma Peremarket AS, AS Helter-R and AS Liviko agreed on raising the retail price on certain vodkas in 2009, and the companies were accused of committing a crime specified in Subsection 400 (4) of the Penal Code. Selver AS has regarded the prosecutor’s accusation unfounded and unreasonable during the entire course of the proceedings, because Selver AS has never made any price agreements with the competing companies.