News

Investigating bodies of the Moscow Main Investigations Directorate of the Russia’s Investigative Committee have finished investigating a criminal case against CEO of OOO Investment Finance Group Glenik-M (LLC) Andrey Shmakov. He is charged with a crime under paragraph “b” of part 2 of article 199 of the RF Criminal Code (evading taxes collectible from organizations).

According to investigators, Andrey Shmakov knew that the company he was CEO to, in the period between 2006 and 2007 increased its chartered capital by 135 billion rubles by making additional non-monetary investment of notes of hand and bonds of foreign companies by members of the company. The members did not bear any expenditures on their purchasing and the said foreign firms did not have any financial resources to cover the bonds on the stipulated sum. However, the accused decided to evade paying taxes by putting in the tax declaration knowingly false information on the amount of expenditures on the organization profit tax for 2006 and 2007, which he signed and submitted to tax service. In total, Shmakov’s criminal actions resulted in not paying 32.4 billion rubles of profit taxes to the Russian Federation.

Investigators have collected enough evidence and the case with the approved indictment will be forwarded to court in the near future to be tried on the merits.