Investigation officers of the State Tax Service last year identified ten enterprises that intentionally became insolvent as a result of illegal actions committed by decision makers of these companies, IPN reports.
The creation of intentional insolvency was caused by a number of actions, including withdrawal of cash from bank accounts and using it for personal purposes. Decision makers also allowed the debtor’s over-indebtedness and the sale of assets with the aim of diminishing the capacity to pay.
“Following the actions taken by investigation officers and taking into account the identified evidence, the State Tax Service’s criminal investigation body ordered the initiation of criminal proceedings in the ten identified cases for the commission of the crime stipulated in the Criminal Code – “intentional insolvency”,” noted the institution.
Intentional insolvency is punishable by a fine of 32,500 lei to 167,500 lei or up to 6 years’ imprisonment.
