Spaniard arrested in Badajoz over shell company scheme in Portugal
A 47-year-old man was arrested in Spain for using his former partner's identity to create two shell companies in Portugal with the aim of evading tax and concealing assets.
Spaniard arrested in Badajoz over shell company scheme in Portugal
Spanish authorities have arrested a 47-year-old man from Badajoz, in the Extremadura region, accused of mounting an elaborate fraud scheme through shell companies established in Portugal.
The detainee, who has an extensive record of economic crimes, convinced his former partner to sign several documents. He claimed that these papers would help her secure a job at a Portuguese commercial establishment. In reality, the victim's signature turned her, without her knowledge, into the manager of two front companies based in Portuguese territory.
The plan was aimed at essentially two objectives: escaping tax obligations and concealing assets obtained illegally. The fraud only came to light when the victim began receiving letters demanding payment of taxes, realising then that her identity was being exploited as a "straw person".
The Spanish Tax Agency first detected the financial irregularities linked to the scheme. Subsequently, the woman filed a complaint with the authorities, which led to the suspect's arrest and the dismantling of the shell company network.
Source: Correio da Manhã
Source: Correio da Manhã