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August 18, 2022

Large constructions and IT companies face tax evasion and money laundering charges

Police officers raided on Sunday 146 locations in Bucharest and 11 counties, targeting 90 persons suspected of engaging in money laundering and tax evasion in the IT and constructions sectors, persons accused of causing EUR 30 M in damages. According to judiciary sources quoted by Mediafax, Erbasu, UTI, Strabag, Romsys and Total Network Solutions are among the companies targeted by the searches. Likewise, the homes of Cristian Romeo Erbasu and Bradu Mayor Florin Fratica were also searched. According to B1TV, they and two other suspects were allegedly stopped in traffic by prosecutors. Fifty persons are prosecuted in this case.

According to the Romanian Police, the 146 searches were conducted by 300 police officers from the Investigation of Organized Crime in Bucharest and the several counties (Arad, Arges, Dambovita, Giurgiu, Gorj, Ilfov, Olt, Sibiu, Teleorman, Valcea and Vrancea), targeting the headquarters of several IT and construction companies and the homes of persons suspected of tax evasion and money laundering.

Police officers have executed 90 warrants, the investigators being set to establish, after the hearings, whether they will take preventive measures against the suspects.

The case concerns the representatives of over 200 companies which allegedly created fictitious circuits in the 2011-2014 period in order to avoid paying taxes and fees, a Romanian Police communiqué quoted by Mediafax shows.

“Likewise, approximately EUR 100 M were allegedly transferred through the companies involved to the persons concerned, and the money thus obtained were allegedly reintroduced in the illegal circuit by being withdrawn from bank accounts on the basis of fictitious documents,” the aforementioned source showed.

Fiscal Fraud General Directorate specialists have established the damages at approximately EUR 30 M.


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