Prosecution of subjects buying and selling fake invoices worth nearly 100 billion VND

On the afternoon of January 21, Nam Dinh Provincial Police informed that the Police Department investigating crimes of corruption, economics, smuggling and environment had fought to destroy a special case on the drug ring.inter-provincial invoice tradingoccurred in Nam Dinh province and other provinces and cities.

Accordingly, the Investigation Police Agency of Nam Dinh Provincial Police has issued a decision to prosecute the case and prosecute Tran Quoc Ly (born in 1980, Director of Vinh Bao Trading Joint Stock Company in Hamlet 6, Tho Nghiep Commune, Xuan Truong District, Nam Dinh Province, main business line is wood production and trading) to investigate the act of illegally buying and selling invoices and tax evasion.

As a result of the initial investigation, the police determined that some units had a need to buy value-added tax (VAT) invoices to declare VAT deductions for purchased goods and services. Ly sold fake VAT invoices (without accompanying goods and services) of Vinh Bao Company to units and individuals in need to make illegal profits.

The subject issued false invoices for goods and services such as renting construction machines, wood, bamboo poles...; created false labor contracts, timesheets, salary payment sheets, lists of purchased wood and bamboo poles and bought false invoices from other units at low prices.

Then, sell fake invoices to interested organizations and individuals at a price ranging from 5% - 10% of the pre-tax value of the goods listed on the invoice.

Investigation results show that in 2022 and 2023, Ly illegally bought and sold 175 VAT invoices without accompanying goods and services to 12 companies in Nam Dinh province and other provinces and cities in the country with the amount recorded on the invoices being nearly 100 billion VND.

Through the process of fighting and expanding the project, the Police Department of Investigation of Crimes on Corruption, Economy, Smuggling and Environment of Nam Dinh Provincial Police discovered and arrested the main subject and clarified the entire chain of buying and selling invoices, tax evasion and related units and companies.

The Investigation Police Agency of Nam Dinh Province Police has initiated a case, prosecuted 11 defendants and transferred information and documents requesting handling to the investigation agency and tax department for 12 companies in 6 provinces and cities related to the act of illegally buying and selling invoices and evading taxes.

The provincial police investigation agency has deployed synchronous professional measures, searched the companies, workplaces, and residences of the subjects in the provinces of Nam Dinh, Hai Duong, and Hanoi. All invoices, vouchers, and documents serving the illegal purchase and sale of invoices and tax evasion were seized.