The SBU exposed one of the Odesa construction companies for large-scale tax evasion. For that purpose, the company's managers masterminded an illegal scheme of selling real estate.

SBU officers established that the company declared the start of works in May 2017 and was a customer of construction of a residential estate. The CEOs did not register the company, according to the law, as a value added taxpayer.

Instead, the offenders, avoiding taxes, sold apartments, parking lots, and retail spaces. They transferred funds from clients to the company's accounts without entering in accounting and tax reports.

According to preliminary estimates, the corruption scheme caused almost UAH 7 m (USD 253,373) state losses.

Within the investigation of tax evasion, law enforcement officers conducted a search in the company’s office and seized documents, draft and working records proving illegal activity.

Investigative actions are underway.

The operation was conducted by the SBU Main Directorate of Economic Counterintelligence Protection of State's Interests jointly with the State Fiscal Service in Odesa region under the supervision of the Odesa Region Prosecutor's Office.