Operating 4 sand trading companies to evade tens of billions of dong in taxes
For the entire revenue of over 63 billion VND, Ngo Phu Cuong did not issue invoices when selling sand, did not record it in accounting books and did not declare taxes in the 4 companies managed by Cuong.
On the afternoon of April 22, the Investigation Police Agency of An Giang Province Police announced that it had just issued a decision to prosecute the case, prosecute the accused and issue an order prohibiting the accused Ngo Phu Cuong (born in 1974, residing in Tay Khanh 2 Hamlet, My Hoa Ward, Long Xuyen City, An Giang) from leaving his place of residence to continue investigating his behavior.tax evasion.
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| The police agency served the decision to prosecute the case and prosecute the accused against Ngo Phu Cuong. |
Ngo Phu Cuong is the person who directly manages and operates all sand trading activities of 4 companies. Of which, Phu Cuong Company Limited is legally represented by Cuong and Song Thoai Company Limited is legally represented by Cuong's daughter.
From 2016 to 2020, Cuong directly traded sand with a number of companies inside and outside the province, with a total revenue of over 63.4 billion VND paid into 2 personal accounts directly managed by Cuong.
For all the above revenue, Cuong did not issue invoices when selling sand, did not record it in the accounting books andtax returnin 4 companies managed by Cuong.
Based on the appraisal conclusion of the An Giang Provincial Tax Department, the amount of loss to the State budget due to tax law violations by Phu Cuong Company Limited and Song Thoai Company Limited is more than 19 billion VND.
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| Evidence collected. |
On the same afternoon, the An Giang Provincial Police Department also issued a search warrant for the residence and workplace of the suspect Cuong. The police seized many books and documents related to the sand trading business of the suspect Cuong.
The case is currently being further investigated by An Giang Provincial Police. The investigation agency calls on organizations, individuals and businesses related to the illegal activities of the defendant Ngo Phu Cuong to come to the Economic Police Department of An Giang Provincial Police (address: No. 6, Ton Duc Thang Street, My Binh Ward, Long Xuyen City, An Giang Province) to cooperate in the investigation according to the provisions of law.
