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Officials of the Kaunas Regional Board of the Financial Crime Investigation Service, under the leadership of Kaunas regional prosecutors, searched a pre-trial investigation into fraudulent accounting and misrepresentation of income. The Kaunas company is suspected of not paying at least 158 thousand. value added tax (VAT). One person was arrested.
According to data from the pre-trial investigation, the Kaunas-registered company sold new parts for luxury cars. Parts of various popular models were purchased from companies operating in Lithuania and abroad and are resold on the Lithuanian market. Some of the pieces were sold without accounting documents, so they possibly falsified the company’s accounting and did not declare the VAT to be paid. Shadow trading was primarily carried out by selling products to one of the main customers: underground car services.
The authorities suspect that some 158,000 were hidden in trade in this way and were not paid to the state budget. EUR VAT.
In Kaunas and the Kaunas district, 8 searches were conducted at various locations related to the investigation, involving around 20 officials from the FNTT Kaunas Regional Board. During the search, 46,000 were found and taken. EUR in cash, various accounting documents, money orders, and presumably a fraudulent and off-site server with possibly unofficial accounting records.
One of the company executives was arrested after the search. Following the pre-trial investigation, the Kaunas Regional Prosecutor’s Office, Second Prosecution Division requested the most severe preventive detention measure: arrest, but the court did not see any other preventive detention measures for the person.
Incorrect data on earnings above 750 MSL is punishable by up to 8 years in prison. The most severe penalty for fraudulent accounting is up to 4 years in prison.
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