Tax specialists exposed securities fraud

Tax specialists exposed operations with securities (bills) that were carried out for money-laundering.

Working out securities operations, it was established that official of the business entity in Vinnytsia region drawn up knowingly false official documents for the supply of hard coal to the address of business entity in Kyiv city for a total amount of more than 52 million UAH (excluding VAT). Coal’s origin was not confirmed.

These operations were aimed at legalizing coal of unknown origin and creating “artificial” receivables. This became the basis for issuance of promissory notes by the buyer, which were subsequently sold at a discount of 95%.

Committed actions have signs of crimes for which the responsibility according to Article 366 and 209 of the Criminal Code of Ukraine is prescribed.

Research materials collected by the Anti-money laundering department of the STS in Vinnytsia region were transferred to the Prosecutor’s office for a decision under Article 214 of the Criminal Code of Ukraine.

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