The Fiji Times » An alleged $3.9 million tax evasion case
At a time when nightclubs were closed during the 2020-2021 COVID-19 pandemic, a nightclub owner received $3.9 million in the nightclub’s bank accounts.
Fiji’s Financial Intelligence Unit (FIU) said in its 2021 annual report presented to Parliament this week that it was a suspected case of tax-related offence, tax evasion and money laundering. money.
“Mr. X has been reported to the Fiji FIU for possible tax evasion and money laundering following a cash deposit of $34,250 he made into the bank account of Nightclub A” , said the FIU.
“Mr X is the owner of nightclub A and the cash deposit is said to have been taken from the night club sales.
“Fiji FIU’s analysis has established that Mr. X is a professional taxpayer, who has not filed his tax returns since 2006.”
In addition, the Fiji FIU analysis established that Mr. X also operates and markets Bottle Shop B, Tire Shop C and a liquor store.
“However, he had not registered his liquor store business with the Fiji Revenue and Customs Service (FRCS) for tax purposes.”
Fiji FIU analysis further established during the 2020-2021 pandemic period, Nightclub A’s bank account continued to receive large cash deposits of $10,000 and above, totaling approximately $3.9 million .
During the same period, the liquor store made large cash deposits of $10,000 and more, totaling approximately $883,000.
Fiji FIU forwarded the case to Fiji Revenue and Customs.