A mining and processing plant on the territory of Ukraine evaded paying income tax in the amount of more than 10 million hryvnias. The fraud was uncovered by the Bureau of Economic Security and through the court seized the company's shares and accounts. This was reported by the press service of the Bureau.

It turned out that the company during 2020-2021 exported titanium-containing raw materials to Russia and Belarus, instead of the declared export of the Austrian company. The cost of the goods was deliberately underestimated by more than 56 million. UAH. , because of which the state lost over 10 million. UAH. income tax revenue.

Now the court has seized 100% of the corporate rights of the enterprise and its accounts in Ukrainian banks. The directors of the plant were notified of the suspicion and the issue of choosing a measure of restraint for him is being decided.

In turn, " The plant develops the Volchanskoye field in the Dnipropetrovsk region and is registered to the Cyprus offshore company Limpieza Limited. According to Youcontrol, the ultimate beneficiary of the enterprise is Russian billionaire Mikhail Shelkov..

Shelkov is number 56 in the Russian Forbes with a fortune of $1.5 billion. He is Deputy Chairman of the Board of Directors of the Russian VSMPO-Avisma, the largest Russian supplier of titanium and one of the largest in the world..

The billionaire formerly headed one of Rosoboronexport's subsidiaries under Sergei Chemezov, the sanctioned oligarch who now heads arms giant Rostec..

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Earlier it was reported that with the right approach, Ukraine will be able to confiscate the property of the Russian Federation abroad.