Romania: 12 Persons sent to trial by the Prahovian police. Tax evasion and money laundering with damage of over 5.2 million lei



As provided in the reports of the investigation into tax evasion and money laundering crimes carried out by the officers of the Economic Crime Investigation Service, 12 administrators between 2012 and 2015, created false records of financial accounts and fictitious declaration of acquisitions and a lot of cash was transferred to many companies in relation to the fake acquisitions as a measure to conceal the tax obligations and the actual sources of these illegal funds. Fake invoices not associated with any real operations were created and thus jeopardizing the state budget, damage of 5,215,092 lei. Various repeated transactions were carried out on the funds until it eventually returned to the representatives who initiated the transfers, and all properties associated with the companies were insured to recover the damage.