VAT Fraud Found At CBA Suppliers

  • 23 Dec 2014 8:00 AM
VAT Fraud Found At CBA Suppliers
Tax officials raided Budapest meat wholesalers in early December, after employing covert information-gathering techniques and questioning 33 suspects, Népszabadság writes. The Tax Office announced last Friday that up to Ft 5 billion in VAT fraud is suspected.

One suspect company, Pagony Meat, is a main supplier of Hungarian-owned retail chain CBA, HVG reports. This company realised a Ft 30 million profit on Ft 3 billion of turnover in 2013.

Other companies involved are the related concerns BS Mix and BS Meat, the latter currently under liquidation.

Public catering supplier BS Mix generated a Ft 40 million profit after taxes on Ft 3.7 billion of revenues in 2013.

Figyelõ reported that the head of a Tatabánya group engaged in the fraud is a former CEO of meat factory Bakony Hús, which was taken over by Felcsút mayor Lõrinc Mészáros.

Source: Hungary Around the Clock

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