The Financial Intelligence Unit in Volyn Uncovered a Scheme Involving Fake Fuel: 4.5 million hryvnias Were Returned to the Budget
The Economic Security Bureau of Ukraine secured the recovery of 4.5 million hryvnias in taxes after uncovering a scheme involving fictitious transactions. A freight transportation company illegally reported purchases of fuel and services in its financial statements that it had not actually received in order to reduce its VAT liabilities.
Detectives from the Volyn Regional Office of the Economic Security Bureau established that the company’s director had included information in the financial statements regarding the alleged purchase of goods and services from a number of companies.
These transactions were not supported by the actual movement of goods or proper source documents. The registered tax invoices were used to artificially generate a tax credit.
As a result, more than 4.5 million UAH in VAT was not paid to the budget. During the pre-trial investigation, the losses incurred were fully compensated.
The company’s director was notified of her status as a suspect in the intentional evasion of taxes on a large scale.
Since the damages were fully compensated, the case files were forwarded to the court with a motion to exempt the suspect from criminal liability. The court granted the motion, and the corresponding decision has already taken legal effect.
The case is being handled by prosecutors from the Volyn Regional Prosecutor’s Office.
Source: BEB of Ukraine
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