Precious stone dealers face stiff punishment for VAT fraud

THE INVESTIGATOR of the National Criminal Agency has charged three people with tax fraud. According to him, the accused were illegally claiming VAT refunds. They now face seven to 12 years in prison, the TASR newswire reported on August 27.

THE INVESTIGATOR of the National Criminal Agency has charged three people with tax fraud. According to him, the accused were illegally claiming VAT refunds. They now face seven to 12 years in prison, the TASR newswire reported on August 27.

The police identified the culprits as Matej B. (39), Pavol P. (40) and Garik V. (41) who operated in Bratislava Region. The fraud involved unauthorised claims for VAT refunds.

They reportedly created a chain of companies that were connected through specific people or properties. The firms declared they were trading gemstones, for which they created fake accounting documents. They subsequently asked for VAT refunds worth €580,000, which they received from the tax offices, according to TASR.

The police then set up an operation during which they detained the three men and seized documents and computers. The materials are now being inspected by experts in electronics, finance and precious stones.

The police proposed to prosecute two of the men in custody, but the judge turned down their request, TASR wrote.

Source: TASR

Compiled by Radka Minarechová from press reports

The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

The first wooden Tesco opened in Rajec.
Business

Eastern Slovak retailer interested in buying Tesco stores

THE INFORMATION on its sale, partial or total, has not been officially announced yet, but the British retail chain Tesco has already the first potential buyer: the Labaš company is unknown to western Slovakia but in the east of the country, it owns some 700 shops called Fresh, according to the Sme daily.

04. Mar 2015
Vladimír Jánoš in parliament.
Politics & society

Smer MP resigns over alleged threats to wife

VLADIMÍR Jánoš of the ruling Smer party has resigned his parliamentary seat over a scandal involving transcriptions of audio recordings published on the internet March 3 in which he verbally abuses and threatens his wife.

04. Mar 2015
Politics & society

Court acquits cops in Roma abuse case

THE KOŠICE District Court declined to admit a video in which police officers at Košice-South station bullied and humiliated Roma boys in March 2009 as evidence and acquitted the police February 27. 

04. Mar 2015
International

Slovaks view Russia as biggest potential threat

RUSSIA is the country that could pose the biggest threat to Slovakia and real Slovaks must speak Slovak according to a recent Slovak Academy of Sciences (SAV) survey released March 3, the TASR newswire reported.

04. Mar 2015