National Court proposes trying a Reus businessman over alleged massive VAT fraud in hydrocarbon sales
The National Court has proposed trying a businessman from Reus over an alleged massive VAT fraud in the sale of hydrocarbons.
National Court proposes trying a Reus businessman over alleged massive VAT fraud in hydrocarbon sales
The National Court has formulated a proposal to try a businessman based in Reus, accused of committing an alleged large-scale tax fraud related to Value Added Tax in hydrocarbon trading operations.
According to information from Diari de Tarragona, the investigation suggests that the defendant would have defrauded millions through a VAT evasion scheme in the energy sector. These types of offences, commonly known as "carousel fraud", consist of chaining fictitious commercial operations between different companies to avoid paying the corresponding tax to the Public Treasury.
The case has been referred to the National Court owing to the complexity of the corporate network and the volume of capital defrauded. The sale of petroleum derivatives is one of the sectors most affected by this type of tax fraud owing to the high volume of billing and the mass consumption of these fuels.
The Public Prosecutor's Office and the investigating court have concluded the investigation phase, finding that there is sufficient evidence to submit the businessman to oral trial. During the proceedings, numerous invoices, bank movements and corporate operations were analysed that would have served to conceal tax evasion.
If ultimately convicted, the businessman could face prison sentences for tax fraud, in addition to having to pay the defrauded amounts together with the corresponding administrative penalties.
Source: Diari de Tarragona
Source: Google News ES — Crime (es)