NAV uncovers half-a-billion forint budget fraud
Published
The National Tax and Customs Administration (NAV) has achieved a significant success during a large-scale operation. The authority's staff dismantled an illegal invoice factory whose activities caused serious damage to the Hungarian budget. According to investigators, the criminal organization committed fraud totaling half a billion forints.
As part of the official operation, financial investigators conducted house searches at multiple locations. After gathering evidence, 17 people were interrogated as suspects in the case. It is suspected that the members of the group sought to avoid paying taxes and gain an unlawful advantage by issuing fictitious invoices.
Thanks to the decisive action of the NAV, the authority seized assets worth more than 240 million forints from the suspects. This amount consists of seized real estate, vehicles, and cash, which may have been financed from proceeds derived from the criminal activity.
The criminal proceedings initiated in the case are currently ongoing. The goal of the authorities is to map out the entire operation of the criminal organization and recover the damage caused to the budget to the greatest extent possible. After the investigation is concluded, the prosecutor's office will decide on the indictment.
Sources: https://www.globalhir.hu/
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