Bucharest security firms in the spotlight in EUR 10 mln tax evasion case

The police and prosecutors conducted on Monday morning, September 29, a series of searches at several security firms in Bucharest and Ilfov county, for tax evasion, the damage in this case amounting to EUR 10 million, according to a statement of the Bucharest Police DGPMB. “In order to avoid tax payment to the state budget, representatives of firms providing security services allegedly created a criminal ring comprising ten companies through which fictitious transactions were carried out between 2009 and 2012, with a total value of some EUR 25 million,” reads the police’s statement. The crime group allegedly registered fictitious security services acquisitions in the accountancy books, causing a EUR 10 million damage to the state budget. In total, 12 people should be brought for hearings in this case, according to the statement. Irina Popescu, irina.popescu@romania-insider.com