Businessman sentenced to 2.5 years for hiding $464.000 from tax service

Businessman sentenced to 2.5 years for hiding $464.000 from tax service
The court

The Arkhangelsk Court has convicted former CEO and founder of Krona LLC.

The man has been found guilty of tax evasion by his company on a large scale (item b part 2 of Art. 199 of the Russian Criminal Code).

During the investigation and subsequent trial, experts found that in the period from 2012 to March 2015, this entrepreneur concealed more than 27 million rubles (464 thousand dollars) from tax payments while being head of a company engaged in logging in the Pinezhsky district of the Arkhangelsk region. To trick the tax office, he entered false data in tax returns.

The court has sentenced him to 2.5 years' imprisonment in general regime penal colony. In addition, the businessman has been deprived of the right to hold managerial positions in organizations whose activities are related to administrative and economic activities for three years.

Moreover, the court has satisfied a civil suit from the Interdistrict Inspectorate of the Federal Tax Service No. 3 for the Arkhangelsk region and the Nenets autonomous region, related to the compensation of material damage caused by the businessman.

To date, this verdict has not yet entered into legal force and may be appealed.

Discuss

Recommended

1 / 3