Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Businessman sentenced for tax evasion and money laundering

18 February 2014

Businessman sentenced for tax evasion and money laundering

Inland Revenue has welcomed the sentencing of a Hawkes Bay businessman after he admitted using his employees’ bank accounts to evade paying $196,000 in tax.

Ahmet Dindar was sentenced in the Napier District Court today to six months home detention and 200 hours community service after he had plead guilty to four representative charges – one each for evading income tax, evading GST, filing false income tax returns and engaging in money laundering.

Group Manager Investigations and Advice, Patrick Goggin, said that Inland Revenue began its investigation into Dindar’s companies, Anatolia Napier Limited and Café Anatolia Limited, in November 2012 after receiving information regarding his activities.

“Our investigation found that Dindar used these two companies to run a chain of kebab shops throughout Hawkes Bay. He admitted that he took cash sales from his shop tills which he deposited into the bank accounts of his staff or his own personal account.

“The outcome was that this money did not show up on the bank statements for himself or the companies and therefore the tax returns that were filed with Inland Revenue were false.

“Not only did he hide money in other people's bank accounts, but in some instances it was sent to Turkey and used for his personal expenses, and this was why he was also charged with money laundering”

Between 2009 and 2012, Dindar supressed just over $500,000 in sales from his businesses, although he has since repaid the tax owed to Inland Revenue.

“This was a deliberate attempt by Dindar to reduce the amount of tax both he and his businesses would have to pay by not declaring his income and hiding cash in other people's bank accounts.

“This case also shows that Inland Revenue acts on information that it receives and there is an expectation amongst New Zealanders that those who break the rules will be caught.

"Businesses and individuals doing the right thing can be confident that Inland Revenue will take action against those who are found to be evading their obligations,” Mr Goggin said.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Sky City : Auckland Convention Centre Cost Jumps By A Fifth

SkyCity Entertainment Group, the casino and hotel operator, is in talks with the government on how to fund the increased cost of as much as $130 million to build an international convention centre in downtown Auckland, with further gambling concessions ruled out. The Auckland-based company has increased its estimate to build the centre to between $470 million and $530 million as the construction boom across the country drives up building costs and design changes add to the bill.
More>>

ALSO:

RMTU: Mediation Between Lyttelton Port And Union Fails

The Rail and Maritime Union (RMTU) has opted to continue its overtime ban indefinitely after mediation with the Lyttelton Port of Christchurch (LPC) failed to progress collective bargaining. More>>

Earlier:

Science Policy: Callaghan, NSC Funding Knocked In Submissions

Callaghan Innovation, which was last year allocated a budget of $566 million over four years to dish out research and development grants, and the National Science Challenges attracted criticism in submissions on the government’s draft national statement of science investment, with science funding largely seen as too fragmented. More>>

ALSO:

Scoop Business: Spark, Voda And Telstra To Lay New Trans-Tasman Cable

Spark New Zealand and Vodafone, New Zealand’s two dominant telecommunications providers, in partnership with Australian provider Telstra, will spend US$70 million building a trans-Tasman submarine cable to bolster broadband traffic between the neighbouring countries and the rest of the world. More>>

ALSO:

More:

Statistics: Current Account Deficit Widens

New Zealand's annual current account deficit was $6.1 billion (2.6 percent of GDP) for the year ended September 2014. This compares with a deficit of $5.8 billion (2.5 percent of GDP) for the year ended June 2014. More>>

ALSO:

Still In The Red: NZ Govt Shunts Out Surplus To 2016

The New Zealand government has pushed out its targeted return to surplus for a year as falling dairy prices and a low inflation environment has kept a lid on its rising tax take, but is still dangling a possible tax cut in 2017, the next election year and promising to try and achieve the surplus pledge on which it campaigned for election in September. More>>

ALSO:

Job Insecurity: Time For Jobs That Count In The Meat Industry

“Meat Workers face it all”, says Graham Cooke, Meat Workers Union National Secretary. “Seasonal work, dangerous jobs, casual and zero hours contracts, and increasing pressure on workers to join non-union individual agreements. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news