Tax specialists exposed misappropriation of budgetary funds during road repairs

Tax specialists exposed scheme of illegal activity of enterprises located in Rivne region operating in the repair of highways for budgetary funds.

During the processing of materials received from the law enforcement agencies regarding violations in conducting financial and economic operations for road repairs, it was established that officials of a number of enterprises entered inaccurate data in the acts of performed work and provided services. This led to misappropriation and waste of budgetary funds.

Further, violators conducted a number of financial operations to conceal illicit income and their sources of origin.

According to survey conducted by the Anti-money laundering department of Main Directorate of the STS in Rivne region there were initiated criminal proceedings under Part 2 Article 209 of the Criminal Code of Ukraine on the fact of legalization (money-laundering) of proceeds.

Property for the total amount of 35 million UAH was seized to compensate material damage.

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