Targu Mures: 18 people, of whom ten BCR employees arrested for fiscal evasion
18 persons, of whom ten BCR Life Insurance employees, were arrested for fiscal evasion and estimated prejudice of 6 million euro over a period of 7 months. The court will decide on Thursday about preventive arrest, said the head of the Directorate for Investigating Organized Crime and Terrorism (DIICOT) Mures, Alin Lazar.
The prosecutors decided to close accounts of tens of companies involved in the case of fiscal evasion. 166 searches were made on Tuesday in Bucharest and in 26 counties at headquarters of 112 companies and BCR Life Insurance branches. Sources say that nine BCR Life Insurance branches were searched by DIICOT and the police, 21 employees, a director from Bucharest and four area directors were arrested.
According to a DIICOT press release, prosecutors investigate managers and employees of an insurance company, representatives of companies accused of having set up a crime group to obtain important financial benefits by not paying taxes.
According to the source, the means of operation was original, consisting of granting parts of monthly salary rights first by the employer using a formal collective life insurance policy, paying the policy and the monthly premiums for the saving-benefit clause, followed by paying the insurance premiums to employees by the insurance company.
After paying commissions of 10% of premium value, insurance premiums were returned to the employees’ accounts, a hidden way of paying salaries and of not paying taxes for those salaries. The employer paid only the 10% commission to the insurance company.The prejudice caused to the state budget is estimated at 6 million euro for a criminal activity carried out for 7 months.
In a press release of Tuesday, BCR Life Insurance said the insurance company handed over to DIICOT Targu Mures documents and information pertinent to the investigation and support and cooperate with investigators while mentioning that no leading member of the company had been involved in the action.
BCR Life Insurance declared the work style of employees and partners was fully legal.BCR Life Insurance is one of the first three players in the market according to the level of premiums subscribed in 2012, which reached 425.2 million lei, according to company data.The company is a member of the financial group Vienna Insurance Group which has companies Asirom and Omniasig in the local market.
Shareholders of the Romanian insurer are Vienna Insurance Group – 91.31 %, BCR – 5.41% and several natural persons – 3.28%.