In Donetsk region, SBU exposed and suppressed the activity of a conversion center transferring more than UAH 1,5 billion (USD 53 million) into non-observed economy.

It was established that a group of local businessmen carried out illegal activity in Sloviansk city (лучше добавить, иностранцы могут не знать Славянск). They used the conversion center for own unlawful export transactions and assisted regional entrepreneurs in tax evasion. During 2019-2020, the offenders were engaged in tax credit fraud through subsidiary companies. They falsified commodity classification and tax reporting documents.

SBU officers recorded that VAT fraud of the conversion center caused budget losses totaling more than UAH 300 million (USD 11 million).

Authorized searches revealed evidence of fraud, including financial documents, secret ledger, almost 60 seals of sham companies. 

The investigation upon tax evasion and abuse of office is ongoing to prosecute all individuals involved in illegal activity.

The operation was conducted jointly with the National Police under the supervision of the Donetsk region Prosecutor's Office.