Sixteen people charged with large-scale subsidy fraud and tax evasion

Officers from the National Centre against Organized Crime have charged 16 people with subsidy fraud and tax evasion resulting in damage exceeding CZK 70 million. According to investigators, they used fictitious invoices to increase the turnover of companies, applied for loans and subsidies under false pretenses and wrongfully claimed tax deductions. According to the Centre’s spokesman, Jaroslav Ibehej, the police arrested 15 Czechs and one foreign national at the end of June and carried out more than ten raids on private homes and offices. They seized real estate and cash worth almost CZK 50 million.