Melbourne: Scattered clouds, 14 °C

Sydney: Scattered clouds, 19 °C

Athens: Clear sky, 23 °C

Supermarket chain in hot water over tax scam

The financial crimes squad SDOE, following an investigation, is preparing to charge the Carrefour-Marinopoulos group of dodging VAT payments in Greece via a fake invoice scam with businesses based in another EU country

Node Tools
(0)

Rate This

4
2 votes
Your rating: None
Supermarket chain in hot water over tax scam
27 Apr 2012

The financial crimes squad SDOE, following an investigation, is preparing to charge the Carrefour-Marinopoulos group of dodging VAT payments in Greece via a fake invoice scam with businesses based in another EU country.

In an announcement the same day, Carrefour-Marinopoulos has denied the charges, stressing that all its dealings with its suppliers were in full compliance with the laws.

According to the findings of the SDOE investigation, the company Orbicom issued fake invoices to Carrefour-Marinopoulos SA supermarket chain in 2007 and 2008, for the supply of goods that never actually took place.

Tax authorities have confirmed the findings of the SDOE report and are now working in cooperation with Carrefour-Marinopoulos SA on the case. SDOE said Orbicom is no longer in operation and has already slapped fines and penalties amounting to 300 million euro on the company for tax evasion.

In an announcement, Carrefour-Marinopoulos SA denied wrongdoing and said that it daily processed thousands of invoices from its suppliers and invariably followed all legal procedures.

It termed its transactions with Orbicom "an unremarkable and quantitatively insignificant commercial collaboration" that was in full compliance with the laws.

Source: AMNA

Read more from
  • share

Comments

Post new comment

Enter your Neos Kosmos username.
Enter the password that accompanies your username.

Copyright © 2009-2012 Ethnic Publications Pty Ltd | Website development by ANSO