Arrested subject for establishing a 'ghost' company, illegally trading invoices worth nearly 100 billion VND

On September 19, the Commander of the Criminal Police Department of Bac Giang Province Police said that the unit had clarified the act of buying and selling value-added tax (VAT) invoices worth nearly 100 billion VND, initially arresting 1 subject.

Previously, through professional work, the Tax Police Department grasped information about a number of individuals and organizations in the province illegally buying and selling VAT invoices of Nguyen Thi Ngoc (born in 1989) in Xuong Lam commune, Lang Giang district, Bac Giang province to use for declaring, deducting taxes, accounting for business expenses, causing a large loss of tax revenue to the State.

Subject Nguyen Thi Ngoc at the investigation agency.

During the investigation, the authorities clarified that Nguyen Thi Ngoc was behind the establishment of a "ghost" company, Truong Thanh Trading and Construction Company Limited (headquartered in Tan Dinh commune - Lang Giang district) to illegally buy and sell VAT invoices to individuals and organizations in the provinces: Bac Giang, Bac Ninh, Lang Son, Hai Phong...

Ngoc directly negotiated and transacted with customers or through brokers about the content of the invoice, then wrote and issued the invoice to the customer. For invoices worth VND20 million or more, Ngoc asked customers to transfer money via bank, then withdrew the money and paid the customer. To conceal the illegal purchase and sale of invoices, the subject frequently changed the bank teller, invoice transporter, delivery location, etc. For each invoice, the subject was deducted 5% of the value and to date, has illegally profited billions of VND.

During the investigation, the police determined that Nguyen Thi Ngoc had written over 100 fake invoices for goods for about 60 businesses with a total value of nearly 100 billion VND. Through the search, the authorities seized many invoices with recorded contents, laptops and documents related to the illegal sale of invoices. The case is being further investigated.