The Police are conducting today 19 searches in the counties of Timis, Alba, Valcea and Mehedinti at individuals suspected of tax evasion and money laundering, as well as the main offices of the companies administered by them specialising in the acquisition and delivery of ferrous and non-ferrous materials that incurred a damage in excess of 1 million euros.
“Investigation so far has revealed that in 2013-2015, 12 individuals acting as legal representatives of four commercial companies with a registered head office in Timis county would have avoided paying taxes. They allegedly recorded in their companies’ books fictitious transitions as spending on the acquisition and delivery of ferrous and non-ferrous materials, in order to artificially diminish their due income taxes,” The Romanian General Police Inspectorate reports in a press statement to Agerpres.
Later on, via the companies controlled by them, the ill-gotten amounts were subjected to laundering by various financial operations or transactions.
The statement says the suspects made successive cash deposits, which were immediately followed by cash withdrawals by third parties acting as proxies for the accounts. The deposits would also be transferred between the accounts of the companies, thus dissimulating the true nature of the cash provenance and circulation.
Today’s action is coordinated by the Economic Crime Investigation Directorate with the Romanian Police General Inspectorate, and conducted in two cases built by the Economic Crime Investigation Service of Timis County and gendarmes. It has specialist support from the Romanian Intelligence Service (SRI).