The head of one of the companies that evaded payment of UAH 767 million in taxes was given a preventive measure in the form of a bail in the amount of UAH 121,120,000. He is suspected of tax evasion, legalization of proceeds of crime and official forgery.

According to the investigation materials the suspect was the head of one of the companies controlled by a well-known converter. For several years the company not only avoided paying taxes but also provided similar services to other business entities.

For example the company purchased drinks and food products in large quantities and later declared the balances in the warehouses, i.e. unsold goods in the tax returns while in fact they were sold off the record without paying taxes.

The total amount of losses which has already been confirmed by the conducted forensic and economic examinations amounts to UAH 767 million. However according to analysts' calculations the volume of VAT financial transactions of the mentioned group of companies for 2020-2023 is UAH 21 billion. Currently measures are being taken to establish the final amount of damages caused to the budget.

Remind that the detectives of the Economic Security Bureau conducted 35 searches and inspections in the mentioned companies and informed the heads of two legal entities controlled by one of the largest converters of Ukraine about the suspicion.

The pre-trial investigation is ongoing. The issue of selecting a preventive measure for the second suspect is being resolved. Procedural management is carried out by prosecutors of the General Prosecutor's Office.