One entrepreneur involved in the chain had given a detailed confession to a series of tax dodges which, for his part, totalled half a billion forints (EUR 1.6m) between 2009 and 2012, involving the transfer of several thousand tonnes of grains between several Slovakian and Hungarian companies.

The chain fraudulently claimed VAT refunds costing the Hungarian and Slovak authorities billions of forints, a NAV statement added. An investigation is under way.

Source www.hungarymatters.hu

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