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Wednesday 20.03.2019 | Name days: Made, Irbe
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SRS requests criminal prosecution of person that caused damages of EUR 1.2 million to Latvia

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUA criminal process launched against a private person for causing financial damages worth EUR 1.2 million to the Latvian state has been submitted for commencement of criminal prosecution.

At the end of December 2018 Latvian State Revenue Service’s Tax and Customs Police submitted the criminal process to the Finance and Economic Crimes Investigation Prosecutor’s Office for the commencement of criminal prosecution. This case was launched against a person whose possible illegal actions had caused damages to the state budget worth EUR 1.2 million, as reported by SRS.

After a lengthy investigation it was determined that the person against whom criminal prosecution is requested had performed illegal activities as a result of which the state budget suffered damages.

To ensure resolution of the property issue, materials of the case were separated in 2017 and a criminal process was commenced in regards to illegally acquired finances. USD 1.6 million was declared illegally acquired money and was transferred to the state budget.

The criminal process was launched in accordance with Part 2 of Section 2018 of the Criminal Law and was later qualified in accordance with Part 3 of Section 195 of the Criminal Law, which constitutes a serious crime.

The second criminal process was sent to the Organized Crime and Other Industries Prosecutor’s Office – for tax avoidance and laundering of illegal finances worth more than EUR 175,000.

After a number of investigative measures, authorities found out that a group of eight people had used an entire chain of fictive transactions with intent to defraud VAT and receive VAT returns for transactions that had never occurred, creating damages to the state budget.

Construction, automobile spare part retailers and automobile repair companies in Latvia and foreign countries were used for illegal activities.


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