Revenue officials linked to VAT fraud
- Published: 25/07/2013 at 11:06 AM
- Online news:
The Finance Ministry has forwarded the names of 14 officials, suspected of involvement in the fraudulent refunding of value-added tax worth billions of baht, to the Department of Special Investigation (DSI).
Rungson Sriworasat, finance deputy permanent secretary, said the accused officials work in Bang Rak district of Bangkok and in Samut Prakan and Nonthaburi provinces.
He said the DSI already has information about executives and people involved in the VAT refund claims of 60 companies totalling 4.2 billion baht. The Finance Ministry had also investigated the issue and the DSI asked the ministry to send the list for a comparison.
Mr Rangson said the ministry’s own fact finding committee will soon present its finding to the permanent secretary. If it concludes those 14 officials were actually involved in the case, there would be a disciplinary inquiry and a civil case would be filed for compensation for the damage.
The Finance Ministry recently asked the Department of Special Investigation (DSI) to probe some 50 juristic persons who allegedly sought fraudulent VAT refunds worth several billions of baht between August last year and April this year.
Groups of companies working together reportedly set up bogus export companies and filed falsified documents that indicated inflated product prices to the Customs Department to claim VAT refunds.
The fraud exploited a loophole in Section 19 of the Customs Act that stipulates a refund can be claimed for VAT collected on imported materials used to produce exported goods.
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