$5 million in ‘black money’ seized from Ukrainian military’s food supplier ...News

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Firm used fictitious transactions and overestimated the cost of produce it purchased to get tax credit, authorities have said Ukrainian law enforcement officials have seized more than $5 million from a company supplying food to the Ukrainian Armed Forces, as part of an inquiry into a suspected tax-evasion scheme, the nation’s Economic Security Bureau (BEB) reported on Friday. Stacks of cash were found in the company accountant’s car when it was intercepted by security officials in Kiev Region. The BEB also reported that she sought to hide a “black cash register” and to conceal the firm’s illicit operations during

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