ESBU detectives in Bukovyna exposed a developer evading UAH 10 million in taxes

 Detectives of the Territorial Office of the Economic Security Bureau of Ukraine in the Chernivtsi region have served a notice of suspicion on the head of a local housing and construction cooperative for involvement in tax evasion.

The investigation revealed that the cooperative's head, on behalf of the organization, entered into agreements with investors for the shared construction of 61 apartments in a residential building in Chernivtsi. The total value of these agreements exceeded UAH 53.5 million.

Between 2019 and 2022, during the initial sale of the newly built apartments, he evaded paying over UAH 10 million in Value Added Tax.

To date, more than UAH 3.1 million has already been recovered for the state budget, and efforts to ensure full compensation for the damages are ongoing.

The head of the cooperative has been served with a notice of suspicion for committing a criminal offense under Article 212, Part 3, of the Criminal Code of Ukraine (tax evasion on an especially large scale). The pre-trial investigation is ongoing.