Monday, June 12, 2006

Us Accountants love big numbers:

Seven people accused of tax evasion worth 200 million crowns
Prague- Police in April accused seven people of tax evasion worth over 200 million crowns, financial police spokeswoman Nada Ocenaskova said. Policemen are also checking another business transaction and invoices for over 1.2 billion crowns in this case. "Two men aged 39 and 42 years, including the main culprit, are hiding in fear of prosecution and they are prosecuted as fugitives," Ocenaskova added.

According to the accusations, the main culprit included false invoices into the books of a company with a high profit from advertising in car races. For this purposes, he set up a chain of several companies in the Czech Republic producing the invoices, Otcenaskova said.

During a home search, policemen uncovered accountancy documentation, invoices and other documents as pieces of evidence and seized an illegally possessed firearm and a forged notary's stamp.

($1=22.296 crowns - so I make the fraud about £8 million)

From the Czech online news service

1 comment:

Span Ows said...

1 -1 would have been fair to Croatia...sorry...will now revert to your world cup blog..


oops