Minimization of tax liabilities and misappropriation of public funds due to unjustified overstatement of the cost of works was exposed

Tax officials exposed misappropriation of public funds under the state program. In order to minimize payment of taxes purchasing products, the business entity has conspired with representatives of commercial structures.

To do this, the business entity entered inaccurate information about the cost of used building materials at inflated prices, which led to the non-payment of taxes in especially large amounts.

Targeted public funds totaling 45 million UAH were misappropriated as a result of such actions.

Law enforcement agencies initiated a pre-trial investigation in criminal proceeding on the grounds of a crime under Part 3 Article 212 of the Criminal Code of Ukraine according to consideration results of materials collected by specialists of the Anti-money laundering department of Main Directorate of the STS in Kharkiv region. Pre-trial investigation in the criminal proceeding is ongoing.

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