News

The Moscow Directorate of the Investigative Committee has opened an investigation in evasion of taxes committed by managers of a jewelry company on a very large scale under Part 2, item “b” of Article 199 of the RF Penal Code.

According to investigators, in 2011-2012, managers of OAO TPK Yashma conspired and worked out a scam to avoid paying taxes. They made a fictitious circulation of documents with 24 phony firms and made sure that precious metals were received via a bank without paying VAT. This way the Russian budget system did not get more than 7 billion rubles.

The crime was revealed thanks to joint work of investigators of the Investigative Committee’s Moscow Directorate and agents of the Federal Tax Service and Moscow Economic Security and Corruption Office of the Interior Ministry.

The company’s offices have been searched and documents and equipment relevant for the investigation have been seized. Necessary investigative and searched operations are underway to identify all the people involved in the crime. In addition, the investigators are going to take all legal steps to compensate for the damage done to the budget. The investigation is ongoing.