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Romania: Money laundering network in fruit and vegetable trade dismantled

Staff Writer | February 3, 2018
Eight searches carried out in Bucharest and in the Calarasi, Ilfov and Giurgiu counties helped dismantle a network committing tax evasion and money laundering in the fruit and vegetable trade.
Europe   During the period 2012-2013
According to the Bucharest General Police Directorate (DGPMB), the investigation was carried out by officers of the Economic Crime Investigation Service, under the supervision of the prosecutors within the Prosecutor's Office attached to the Bucharest Tribunal.

"In fact, from the evidence revealed so far, it is clear that, during the period 2012-2013, representatives of a trading company with headquarters in Bucharest, which was mainly devoted to the wholesale trade of fruit and vegetables, recorded and declared figures in its accounting records that did not reflect real operations from ghost-trading companies (...) for the purpose of circumventing tax obligations and causing the state budget a loss of approximately 2,200,000 lei (about 473,287 Euro)," said the press release.

In order to hide the illicit origin of the tax evasion proceeds, the representatives of the trading company successively transferred a total of approximately 5,500,000 lei (about 1.18 million Euro).

This money was used for fictitious purchases and the amounts were previously withdrawn in cash with bank cards.