INDICTMENT ISSUED FOR TAX EVASION AND MONEY LAUNDERING AMOUNTING TO EURO 1.5 MILLION03.01.2018. 15:19
Prosecutor of the Special Department for Organized Crime, Economic Crime and Corruption within the Prosecutor’s Office of BiH issued an indictment against the following persons:
- Wu Xiaoping, born in 1973 in Zheijang, PR China, residing in Brčko District of BiH
- Legal entity - company "Baosheng" d.o.o. Brčko, located at Arizona Market.
The indictment alleges that in 2015, while acting in his capacity as the owner and responsible person of Baosheng, the accused Xiaoping imported large quantities of goods in agreement with the persons known to him from China, which he then sold “under the radar” on the Arizona Market in Brčko District of BiH. For the aforementioned turnover the accused evaded payment of VAT liabilities in the amount of at least BAM 426,000.00.
The indictment also alleges that large amounts of cash, acquired through the sale of goods, were smuggled by the accused with the help of two BiH citizens whom he hired for those illegal activities, across the border into the territory of the Republic of Croatia, from where the money was paid onto the account of his brother a citizen of China.
During the course of investigation in this case, the Prosecutor’s Office of BiH and BiH police authorities have, with the assistance of partner agencies from the Republic of Croatia, managed to identify at least 24 payments made in 2015, which were mostly in the amount between 30,000.00 and 90,000.00 Euros.
The indictment alleges that at least EUR 1.5 million (approximately BAM 2.92 million) was taken out of the country illegally thus causing significant damage to the fiscal and tax system in BiH.
The accused are charged with the criminal offense of Tax Evasion under Article 210 and the criminal offense of Money Laundering under Article 209 of the CC BiH.
Along with the indictment the Prosecution enclosed a list proposing to summon 9 witnesses and 2 expert witnesses as well as about 60 pieces of material evidence, including financial documentation.
The indictment was forwarded to the Court of BiH for confirmation.
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