Tax fraud worth €26 million: nine suspects charged, assets worth €16 million seized
Slovak police have charged nine individuals and one company with money laundering. Seized assets exceed €16 million.
Nine suspects charged following discovery of international tax case in Slovakia
The European Public Prosecutor's Office, in cooperation with the Office for Fighting Organised Crime (ÚBOK), has uncovered an extensive money laundering scheme with international reach, according to Google News SK — Crime (sk) citing Aktuality. The operation has resulted in charges against nine individuals and one company.
Investigators established that the group had systematically and continuously moved funds through a network of bank accounts and corporate entities. The aim was to conceal the origin of capital, which the group subsequently invested in securities, real estate and other assets.
Tax criminal activity associated with this group caused estimated losses exceeding €26 million. The value of documented transferred funds reaches a minimum of €2.9 million.
On the orders of European delegated prosecutors, law enforcement authorities seized investments and real estate with a combined value exceeding €16 million. According to the authorities, the money laundering case represents only part of a substantially larger international investigation.
The investigation is ongoing. Further details will be released by the authorities as soon as the state of evidence and procedural situation permit.
Source: Google News SK — Crime (sk)