site.btaPolice Busts Tax Fraud Ring

Police Busts Tax Fraud Ring
Police Busts Tax Fraud Ring
A snapshot of the specialized police operation (Interior Ministry Photo)

Following an investigation by the General Directorate for Combating Organized Crime (GDCOC), authorities have dismantled an organized crime ring suspected of defrauding the state budget of over BGN 3 million, the Interior Ministry said on Wednesday.

During a specialized police operation on January 20, the criminal organization’s leader, a 44-year-old man, was arrested. Investigators found that he controlled multiple companies, either directly or indirectly, which evaded taxes and employed workers without contracts to avoid mandatory social and health insurance contributions.

As part of the investigation, six locations in Sofia were searched. Authorities seized numerous contracts, accounting records, among other documents, and equipment used in the criminal scheme. Additionally, a significant cache of ammunition, weapons, and explosive materials was discovered during the raids.

A pre-trial proceeding has been initiated. The case is under the supervision of the Sofia City Prosecution Office.

/RY/

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By 14:48 on 22.01.2025 Today`s news

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