The Bureau of Economic Security uncovers a large-scale tax evasion scheme: losses amount to over UAH 764 million
21 May 17:25
Detectives from the Main Detective Unit of the Bureau of Economic Security of Ukraine have completed a pre-trial investigation into the heads of companies that provided tax evasion and money laundering services to large retailers. This was reported by the BES on its Facebook page, "Komersant Ukrainian" reports.
According to the BES, the illegal activities were coordinated by a sanctioned “king of the cash-in” who is currently abroad.
It was established that company officials systematically understated value added tax, did not register tax invoices for VAT payers, and fictitiously formalized conditional sales of goods. These actions allowed the companies to evade taxes on a particularly large scale.
The total amount of losses, confirmed by forensic economic examinations, is over UAH 764 million.
In the course of the investigation, detectives conducted 35 searches and inspections, seized computer equipment, documents and other evidence confirming the commission of a criminal offense.
The directors of the three companies have been notified of suspicion. The court has already granted them bail as a measure of restraint. The indictments have been sent to court.
The Office of the Prosecutor General of Ukraine is providing procedural guidance in the case.
