Invoice Factory Operators Charged

Banking

The Metropolitan Prosecutor's Office brought charges against members of a criminal organization in Budapest who, between 2016 and 2020, operated an invoice factory under which they issued fictitious invoices to the ordering companies for a commission, causing a loss of nearly HUF 3.175 billion to the budget, writes uzletem.hu.

According to the almost 400-page indictment, a 46-year-old man created and operated an organized, multi-level company network from January 2016, which was made up of companies that did not carry out real activities, and whose purpose was to illegally avoid tax.

The criminal organization provided "services" aimed at tax evasion, typically performing "asset protection activities."

In the case, in which 5 defendants were previously under arrest, the Metropolitan Prosecutor's Office brought charges against a total of 42 persons for the crime of budget fraud committed in a criminal organization and other crimes.

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