Security Service of Ukraine officers found more than 600 seals of fictitious enterprises, offshore companies, notaries, tax authorities, courts and local governments during the authorized searches in the offices and places of residence of the defendants on Oct. 7, 2020.

The Security Service of Ukraine said it busted one of the biggest tax evasion schemes in the history of independent Ukraine.

The operation, which allegedly involved officials in several commercial banks and employees of the State Fiscal Service, had a turnover of about Hr 15 billion, $530 million, according to the SBU. This may have caused approximate losses of $88 million in unpaid value-added tax.

Source: www.kyivpost.com

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