Can Tho Province’s police have just ended the investigation and recommended the local People’s Procuracy to have 12 people indicted over illegal trading of value added tax (VAT) invoice.
The total amount written on those invoices was worth VND 370 billion, and the culprits pocketed VND 3 billion in illegal profit.
These people are accused of invoice tampering; using, hoarding, transporting, and circulating of forged papers; and corruption.
Besides, four taxmen of Binh Thuy District: Le Van Tin, Tran Tan Phat, Tran Thien Lai and Chau Vinh Khoi, are to be prosecuted for taking bribes worth VND 180 million.
The leader of the gang is Phan Dinh Nguyen, who lived in Tan Binh District, Ho Chi Minh City. In March 2004, Phan Dinh Nguyen, Nguyen Thanh Hoang and Tran Tan Tai came to Can Tho to establish a company to trade in VAT invoices.
From April 2004 to January 2005, they bought 23 VAT invoice books and sold at price of 0.8 percent of the total turnover. 85 enterprises throughout the country bought the invoices from them.
These enterprises then used these invoices to legalize documents for tax purposes.
Besides, they also kept some VAT invoices to legalize their company’s purchase documents to report to tax office. The total amount of money involved was estimated to be worth VND 111.33 billion.