Hedge fund alleges $230m tax scam
Thursday, July 24, 2008 : PermalinkManagement Consultancy- Hermitage Capital Management has claimed that fraudsters have allegedly stolen $230m (£115m) from the Russian tax authorities in a tax scam.
The scheme allegedly involved the forgery, impersonation and the theft of three investment companies, according to Hermitage. The companies fraudulently re-registered ownership of the companies before making false tax rebate claims, the FT reported.
Hermitage is now in the process of filing criminal complaints over the affair.
Tags: koenig, material-witness, share-issue, strategy-fund
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