Father and sons accused of hiding almost half a million euros in taxes, embezzlement of another million

According to the file, the director of a Kaunas-based company dedicated to the production and development of industrial equipment and his two sons who work for the same company simulated cooperation with four companies registered in the UK and Cyprus but not operating, falsifying invoices for allegedly rented equipment. market research, customer search services.

Officials found that fictitious invoices were included in the company’s accounts and false statements were made, to avoid the obligation to pay taxes to the state.

It is estimated that in less than three years, the defendant could not have paid more than 455 thousand. euros.

According to the FNTT, two of the four foreign companies were represented by one of the associates who worked as an accountant in the family business. Once the falsified invoices were paid, the same accountant, with the authority to administer the bank accounts of the inactive foreign companies, transferred the money received to the accounts of the brother and the father without any proof of said transfers.

It is suspected that in a year and a half the family transferred to their accounts and collected more than 1.1 million from the banks. euros.

All three family members were charged with fraudulent acquisition of high-value foreign property, misappropriation of high-value foreign property, and fraudulent accounting.

The case is limited to real estate for more than 450 thousand. and the total amount of the defendants’ limited own funds exceeds 1.6 million euros. euros and almost 50 thousand. AMERICAN DOLLAR.

The pre-trial investigation was supervised by the Prosecutor of the Second Prosecution Division of the Kaunas Regional Prosecutor’s Office, whose case was transferred to the Kaunas Regional Court after drafting the indictment.

Theft of high-value foreign property is punishable by up to ten years in prison. Incarceration for up to eight years threatens the acquisition of high-value foreign properties. The most severe penalty for fraudulent accounting is up to four years in prison.