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January 26, 2021

Police conducting searches in 11 counties and Bucharest in tax evasion and money laundering case

Mures County police officers are conducting on Wednesday morning 38 searches in 11 counties and the Municipality of Bucharest, at addresses of some individuals and companies suspected of tax evasion and money laundering, the General Inspectorate of the Romanian Police (IGPR) informs in a release sent to Agerpres.

According to the release, the damage nears 1,850,000 lei and over 1,000,000 euro.

The searches are being conducted in the counties of Mures, Buhor, Bistrita-Nasaud, Brasov, Cluj, Galati, Hunedoara, Iasi, Maramures, Neamt, Vaslui and in Bucharest city.

Investigations so far have revealed that in the period December 2015 – July 2016, the administrators of a Mures County based company set up a series of fictitious trade relations with other 15 companies nationwide. The police have established that the actual administrator of the company of Mures County has allegedly intermediated the transfer of the companies on the name of a dummy, after contacting several clients whom he supplied fiscal invoices, in exchange for a pre-established commission, which reflected various fictitious operations, the release reads.

According to the IGPR, in order to make the invoices look authentic, these were based on fictitious contracts and the payments were made in a bank account, from where the money was withdrawn in cash and returned to the persons who committed tax evasion, thus creating the premises for some money laundering operations.

“The damage caused by committing the offense stands at approximately 1,850,000 lei, representing profit tax and VAT. Investigations are being conducted in the case in respect to tax evasion and money laundering offenses, the latter being estimated at over 1,000,000 euro,” the IGPR points out.

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