Tax Cobra struck for the first time and saved CZK 270 million
Policemen of the Unit for Combating Corruption and Financial Crimes carried out an action called “ELIS” on Wednesday, July 9th, 2014.
The Tax Cobra (joint team of Unit for Combating Corruption and Financial Crimes, the General Financial Directorate and the General Directorate of Customs) succeeded in uncovering of tax crimes thanks to swift response and quick exchange of information among its members. The result of this action was the prevention of CZK 270 million loss on taxes and four persons accused of the crime of attempted evasion of taxes, charges or similar payments.
All accused persons are suspected of creation of fictive business chain for the purpose of unauthorized gaining of VAT refunds. This fictive business chain should occur issuing of fake invoices, handing-over protocols, sales receipts and other documents.
Employees of Tax Cobra have found out that the subject of invoices should be so-called „nanodisc“, which has not existed yet, only in the development stage. Based on the fictive documents, which should declare the delivery of these goods in the amount of more than CZK 1 billion to Cyprus, the accused persons should apply for the reimbursement of CZK 270 million from the state budget.
After collection and analysis of this information, policemen of the Unit for Combating Corruption and Financial Crimes carried out an action called “ELIS” on Wednesday, July 9th, 2014. During this action they conducted seven house searches, where the documents and electronic data carriers related to this crime were secured and also captured six persons.
