Scheme of illegal misappropriation of the state funds totaling 170 million UAH has been exposed

Press service of the State Tax Service of Ukraine, published 14 September 2020 at 16:47 Chapter: News

Employees of Anti-money Laundering Department of Main Directorate of the STS in Odessa region jointly with the Chief Investigation Department of the Security Service of Ukraine exposed scheme of illegal misappropriation of the state funds and its possible withdrawal. Specified scheme was implemented by providing tax benefits for the unjustified formation of tax credit totaling almost 81 million UAH to the third parties and possible withdrawal of the state funds totaling almost 169.2 million UAH.

It has been detected that Odessa company (in the absence of necessary labor resources, fixed assets and involved subcontractors) declared construction works totaling more than 485.7 million UAH, including almost 81 million UAH of the VAT during 2019 – 2020. As follows, tax benefit was provided for the unjustified formation of tax credit to enterprises of the real sector of economy totaling almost 81 million UAH.

According to these materials, the Chief Investigation Department of the Security Service of Ukraine registered criminal proceeding on the grounds of crimes under Part 3 Article 209 of the Criminal Code of Ukraine. Investigative actions within the framework of this criminal proceeding are currently ongoing.