The executive director of an animal feed manufacturer in Ukraine has been charged with intentional tax evasion and official forgery of documents, according to the Economic Security Bureau of Ukraine (ESBU).
Detectives of the Territorial Office of the ESBU in the Poltava region allege that the official organized a scheme to simulate business transactions with five economic entities. ESBU said these fictitious operations were reflected in the company’s accounting records and tax reports for more than a year. Deliberately false documents were submitted to the regulatory authorities.
The enterprise evaded taxes totaling more than UAH4.8 million (US$109,000).
The executive director has been notified of suspicion under Part 1 of Article 212 of the Criminal Code of Ukraine (intentional tax evasion) and Part 1 of Article 366 of the Criminal Code of Ukraine (official forgery).
To ensure the restitution of damages, the suspect's property has been placed under seizure.
Following a motion by the ESBU detectives in the Poltava region, the court has ordered a preventive measure in the form of bail. The pretrial investigation is ongoing. Procedural oversight of the criminal proceedings is carried out by the Poltava Regional Prosecutor's Office.
ESBU did not name the person charged or specify what company was involved.
