New tax evasion & money laundering case under investigation in Romania, EUR 7 mln damages

28 November 2014

The Directorate for Investigating Organized Crime and Terrorism (DIICOT) prosecutors in Craiova searched yesterday the headquarters of various companies in the Ilfov, Dolj, Gorj and Cluj counties, in a case where seven people are suspected of tax evasion and money laundering, with damages worth EUR 7 million.

Viable companies within the Succes group of companies were fictionally transferring labor to other companies in the group under judicial reorganization. Because the reorganization plan was not viable - personnel expenses usually exceeded revenues - big debts to social security budget were mounting up to the company's liquidation. The Romanian Intelligence Service (SRI) provided support for DIICOT's investigation.

editor@romania-insider.com

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New tax evasion & money laundering case under investigation in Romania, EUR 7 mln damages

28 November 2014

The Directorate for Investigating Organized Crime and Terrorism (DIICOT) prosecutors in Craiova searched yesterday the headquarters of various companies in the Ilfov, Dolj, Gorj and Cluj counties, in a case where seven people are suspected of tax evasion and money laundering, with damages worth EUR 7 million.

Viable companies within the Succes group of companies were fictionally transferring labor to other companies in the group under judicial reorganization. Because the reorganization plan was not viable - personnel expenses usually exceeded revenues - big debts to social security budget were mounting up to the company's liquidation. The Romanian Intelligence Service (SRI) provided support for DIICOT's investigation.

editor@romania-insider.com

Normal

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