Kazakh financial police investigates tax evasion of large companies

15:31, 13 December 2013

ASTANA . December 13. KAZINFORM - 1 October 2013, Almaty region's Prosecutor's Office opened a criminal investigation into the evasion of payment of taxes and other mandatory payments to the budget by Kazakhstan Kagazy JSC, KAGAZY RECYCLING LLP and VTS- Vtorsyrye LLP, the press service of Kazakhstan Financial Police informs.

A criminal case for investigation was forwarded to Almaty region's Department of Financial Police. The group of companies Kazakhstan Kagazy JSC consists of eight subsidiaries, the actual founder of which since 2008 is a citizen of Spain and the UK Tomas Mateos Werner. The ultimate foreign company, which owns all of the above entities is Kazakhstan Kagazy PLC registered in the Isle of Man (UK).

During the preliminary investigation, the management of these companies ignoring legitimate demands of the investigative body, failed to provide the constituent and accounting documents of the companies.

In this connection, since 11 December 2013, the entire holding has been searched to detect and seize the required documentation, which is authorized by the regional Prosecutor's office.

At the same time, production activities of these enterprises haven't been stopped, their bank accounts are not arrested and their administrative and production facilities haven't been sealed.

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