The Department of the Agency for Financial Monitoring (AFM) for the East Kazakhstan Region (EKR) has shut down the activities of a group of individuals suspected of issuing fictitious invoices on behalf of Ust-Kamenogorsk Inert LLP. Through the alleged scheme, 356 million tenge was cashed out, and the damage to the state exceeded 91 million tenge.
HOW THE ALLEGED SCHEME WORKED
According to the AFM, from June to September 2023, participants in the scheme systematically prepared accounting documents for the supply of spare parts for heavy machinery, without intending to fulfil obligations under civil law transactions.
The investigation believes that such documents were used by counterparties to illegally evade taxes, including corporate income tax (CIT) and value added tax (VAT).
WHO IS SUSPECTED IN THE CASE
It is alleged that an employee of the State Revenue Department was involved in the scheme, who, according to the investigation, facilitated the preparation of fictitious documents to pass tax audits.
Other details about the individuals involved in the criminal case are not disclosed in the statement.
WHAT DAMAGE IS CLAIMED BY THE INVESTIGATION
The total amount of cash withdrawn amounted to 356 million tenge. The damage to the state in the form of unpaid taxes is estimated at more than 91 million tenge.
By court order, the property of the suspects—three apartments and a car—has been seized.
The criminal case has been sent to court. Other information is not disclosed in accordance with Article 201 of the Criminal Procedure Code of the Republic of Kazakhstan.