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October 8, 2022

Police conduct 19 domiciliary searches to probe tax evasion, embezzlement

As many as 60 officers of the Bucharest City General Police Directorate (DGPMB) with the Economic Crime Investigation Service have conducted 19 domiciliary visits on Thursday in Bucharest City and the counties of Ilfov and Prahova in a criminal case that regards tax evasion and misappropriation of funds, DGPMB reported in a press release on Thursday.

The damage incurred by the embezzlement is said to stand at RON 7.6 million.

Evidence considered in the case shows there is a reasonable presumption that in 2008-2013 the suspects, in their capacity as representatives of a foundation (Evaluare in Educatie)  that organized paid school competitions misappropriated the funds raised form attendance fees (RON 20 from each participant child), failed to pay into the national budget at-source taxes, while registering fictitious spending in the foundation’s bookkeeping.

The damage to the national budget following the concealing of the taxable source and the registration of fictitious acquisitions is put at nearly RON 1.7 million.

As many as 29 warrants have been issued on people who are to be brought to the DGPMB headquarters in continuation of the probe.

The fraud notification in this case was filed by the General Anti-Tax Fraud Directorate with the National Tax Administration Agency (ANAF), having enjoyed specialty technical support from the Romanian Intelligence Service (SRI).

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