Azerbaijan Uncovers Major VAT Fraud and Money Laundering Scheme Involving Organized Group

• An organized group in Azerbaijan was exposed for large-scale VAT fraud and money laundering.
• The group used over 300 vulnerable people to register 777 legal entities and 103 individuals for fake businesses.
• They caused more than 81.5 million manats in economic damage and stole over 8 million manats in VAT.
• 30 people have been charged, with 10 in pre-trial detention and others facing alternative measures; some suspects are still at large.
• The investigation is ongoing.

Source: azernews.az

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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