Tax specialists exposed scheme for converting funds into cash totaling more than 13 million UAH

Press service of the State Tax Service of Ukraine, published 03 December 2020 at 13:32 Chapter: News

Tax specialists exposed facts of withdrawal of funds to the shadow turnover by converting more than 13 million UAH into cash with the use of fictitious securities.

Main Directorate of the STS in Donetsk region received information from the National Commission on Securities and Stock Market on the purchase and sale of securities.

During the preparation of analytical materials it was established that a number of related companies documented operations for the sale of securities, which were not aimed at achieving real financial result, were of a feigned nature and were carried out to replace securities in the supply chain to enterprises of the real sector for the purpose of illegally obtaining cash.

Amount of converted and legalized funds amounted to more than 13 million UAH. Materials were transferred to the Prosecutor’s Office in Donetsk region to determine jurisdiction within the CPC of Ukraine.

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