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Kyiv's law enforcers expose tax evasion scheme, criminals get busted with 62 kilograms of gold

A group of individuals used puppet enterprises to buy the scrap gold from owners and pawnshops; then, they melted it and sold it again, concealing the actual volume of sales and thus evading taxes
19:04, 22 October 2019

Gold seized from tax evaders in Kyiv
Kyiv Prosecutor Office

Law enforcers of the Ukrainian capital exposed and liquidated the tax evasion scheme. The group of culprits was detained as they purchased the scrap gold; they also produced and sold jewelry from this metal. The press service of Kyiv's prosecutor's office.

A group of individuals used puppet enterprises to buy the scrap gold from owners and pawnshops; then, they melted it and sold it again, concealing the actual volume of sales and thus evading taxes.

Related: Poroshenko questioned in State Bureau of Investigation in case on alleged tax evasion

The police searched the engrossers and seized over 62 kilograms of gold in jewelry, the non-declared money to the general amount of USD 120,000, as well as financial and housing documents that confirmed the illegal activity.

The investigation within the respective criminal case is underway.

Related: Every month Ukraine loses 120 mln USD due to tax evasion in tobacco market

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