Criminal conversion scheme of the non-cash funds into cash totaling 272.4 million UAH was exposedChapter: News

Tax specialists exposed criminal tax evasion and conversion scheme of the non-cash funds into cash which operated in Chernihiv region during 2019 – 2020.

Anti-money laundering department of Main Directorate of the STS in Chernihiv region identified that individuals – entrepreneurs received funds from enterprises of the real sector of economy for products that were not actually planned to be delivered. Subsequently, these funds were withdrawn through the accounts of individuals – entrepreneurs and returned to customers of conversion services for a fee.

Amount of the non-cash conversion into cash is 272.4 million UAH.

Based on the specified materials, criminal proceeding under Part 3 Article 212 of the Criminal Code of Ukraine was registered in the Unified register of pre-judicial investigations.

As part of the pre-trial investigation, cash in the amount of 6.6 million UAH was seized with imposition of arrest.

Investigative actions are ongoing.