Fraud for 310 million PLN with the Mint of Poland

310 million PLN – this is how much taxes were to be extorted by a company from the Mint of Poland capital group. The prosecutor’s office has already brought charges because of the fraud, including against the former president, “Rzeczpospolita” writes.

According to the daily, three people from the former management of Mennica Metale Szlachetne, formerly part of the Mennica Polska SA capital group, were detained.

Fraud for 310 million PLN

– The detainees were charged with directing or participating in an organised criminal group, extortion or attempting to refund VAT for the total amount of 310 PLN million, submission of unreliable tax returns and money laundering – confirmed in an interview with Rzeczpospolita . Marcin Saduś, spokesman for the Regional Prosecutor’s Office in In Warsaw.

Five suspects in total

There are five suspects in total, including the former president of the company Maciej G.

The newspaper describes the transactions from July 2010 to December 2012 during the bull market on the gold market. “The Mint of Metale Szlachetne – according to investigative documentation – bought gold pellets or scrap metal from many companies, receiving invoices from suppliers with a tax of 23%.

The company sold the melted bars to Italy at a zero rate (valid within the EU), and to the tax office applied for a VAT refund “- writes the newspaper. 

When the court case will take place is still uncertain but taken into account how busy the courts are in Poland it most likely will be next year and it will also most likely take long because there are 5 suspects in this fraud case.

Source:  Rzeczpospolita and Businessinsider

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I am from Denmark but have lived and done business in Poland since the Spring in 2008. I have had a webshop with Scandinavian designed products, and event company in Poland. Today I am a business consultant and b2b IT consultant plus sales agent on the Polish market. I have lived/done business in 3 different cities and in 3 different regions (voivodeships) in Poland. My business network and knowledge about doing business in Poland and about Poland are therefore very big.

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