14.05.2024 Money laundering

Profiteering from Ukraine’s defenders

The schemes of “fictitious importers” registered in the name of fictitious persons, using their registration data to import large volumes of various consumer goods (clothing, footwear, knitwear, underwear) – the so-called “MARKET GROUP” – are now quite common.

Obviously, in the future, absolutely all goods are sold for cash – of course, without paying taxes. At the same time, using the details of these entities, the cash received and transformed into non-cash funds are illegally withdrawn abroad under the pretext of settlements with non-residents for imported goods.

There are hundreds (if not thousands) of companies operating under this scheme. Therefore, let’s talk about some of them.

Sumy Market Group

ECOLUX PRO LLC is probably one of the most successful enterprises in Sumy region. The record-breaking importer managed to organize a record import of Turkish market goods worth about UAH 200 million in a few months, virtually without any auxiliary activities, without hired employees, transport, or warehouses.

Interestingly, in February 2024, ECOLUX PRO cooperated with the National Guard of Ukraine’s Support Base, supplying insulated shoe covers worth UAH 95 million and a semi-woolen blanket worth more than UAH 4 million. Comparing the offers of the analyzed company, we can talk about suspiciously low prices. Compared to other bidders, the services and goods of ECOLUX PRO are sometimes UAH 1 million cheaper.

The “successful” and profitable activities of ECOLUX PRO have not had any positive impact on the state budget. We are talking about hundreds of thousands of taxes that have never been paid to the treasury. It is strange that the management of the Sumy Tax Office and, ultimately, the State Tax Service of Ukraine do not notice the actions of Ecolux at all. Obviously, local law enforcement officers do not care either.

Realizing the absurdity of accumulating such huge balances at 1 enterprise, clever “Sumy businessmen” reflected partial sales (in the amount of about UAH 100 million) of previously imported goods from ECOLUX PRO LLC to another empty fictitious company registered in Sumy – NETKOL LLC.

What are the law enforcement and tax authorities waiting for? Why are these companies allowed to supply goods to Ukrainian soldiers?

We urge the competent authorities to finally pay attention to the activities of the company of the ECOLUX PRO type.

Did you witness a crime?

Let us know about it. We will help protect the violated rights!

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