News

The investigating bodies of the Russia’s Investigative Committee for the Novgorod Region have launched criminal proceedings into evasion of paying taxes by senior managers of two companies containing signs of a crime under paragraph “b” of part 2 of article 199 of the RF Penal Code (evasion of paying taxes on an especially large scale).

According to investigators, in the period between January 2008 and September 2010, the senior managers of two limited liability companies LVZ Uglovsky and TRIO in Okulovka District, Novgorod Region, using affiliated firms and filing a report with the tax office containing knowingly false information, evaded paying over 900 million rubles in taxes.

The violations of the tax laws and use of illegal tax evasion schemes were revealed by the Novgorod Region Office of the Federal Tax Service and Economic Security and Anticorruption Department of the Novgorod Region Office of the Russian Interior Ministry during joint off-site tax audits.

At present investigating operations are underway to gather and consolidate the evidence. The investigation is ongoing.