Hungarian nationals held for failing to pay up to 74 million in VAT

Two Hungarian nationals have been arrested for allegedly failing to pay at least 74 million crowns in VAT on scrap iron brought into the country. The two suspects, aged 34 and 21, are believed to have transported more than 450 million crowns worth of material that was sold at a scrap yard in the Kromeříž area. The announcement was made by police in Zlín on Monday. The two are currently in custody. The police said that they had three firms registered in Brno which served as fronts for the illegal activity; if found guilty, the two men could spend between five and ten years behind bars.

Author: Jan Velinger