Bulgarian police arrest 10 for alleged 50M leva tax fraud

Written by on December 4, 2012 in Bulgaria, News - No comments

Bulgarian anti-organised crime police, working together with the State Agency for National Security, have arrested 10 people who in the past five years are alleged to have deprived the state of about 50 million leva (about 25 million euro) through tax fraud.

A December 4 2012 statement by the Interior Ministry said that the operation against the group was carried out in Sofia under the supervision of the Special Public Prosecutor.

The scheme involved offshore companies and false statements to evade paying the full amount of value-added tax due, the ministry said.

Searches were carried out in 20 homes and offices in Sofia. More than 280 000 leva was confiscated, along with computers, optical storage media, accounting records, forged National Revenue Agency and notary stamps and fake power-of-attorney documents.

Those arrested were being held in 24-hour detention pending formal charges while investigations were continuing, the Interior Ministry said.

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