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

 

Gareth Morgan: The Government’s Fresh Water Policy – Revisited

Fresh water quality is the latest area to be in the sights of Gareth Morgan and his research organisation The Morgan Foundation... They found that the fresh water policy was a bit murkier than the Environment Minister let on. More>>

ALSO:

Interest Rates: RBNZ Hikes OCR To 3.5%, ‘Period Of Assessment’ Now Needed

Reserve Bank governor Graeme Wheeler raised the official cash rate as expected, while signalling a pause in rate hikes to assess the impact of moves so far this year. The kiwi dollar sank after Wheeler said its strength was “unjustified” and that the currency could have “a significant fall.” More>>

ALSO:

Fonterra: Canpac Site 'Resize' To Focus More On Paediatrics

Fonterra is looking at realigning its packing operations at Canpac, in the Waikato, to focus more on paediatric nutritionals... The proposed changes could mean around 110 roles may not be required at the site which currently employs 330. More>>

ALSO:

Scoop Business: Postie Plus Brand Gets 2nd Chance With Well-Funded Pepkor

The Postie Plus brand is getting a new lease of life after South Africa’s Pepkor bought the failed retailer’s assets out of administration and said it will use its purchasing power to reduce costs of stock and fatten margins. More>>

ALSO:

Warming: Warming Signs From State Of Climate Report

Climate data from air, land, sea and ice in 2013 'reflect trends of a warming planet' -- says the latest State of the Climate report, launched by U.S. and New Zealand scientists. More>>

ALSO:

Scoop Business: Embrace Falling Home Affordability, Says NZIER

Despair over the inability to afford a house is misplaced and should be embraced as an opportunity to invest in more wealth-creating activity, says the principal economist at the New Zealand Institute of Economic Research, Shamubeel Eaqub. More>>

Productivity Commission: NZ Regulation Not Keeping Pace

New Zealand regulators often have to work with out-of-date legislation, quality checks are under strain, and regulatory workers need better training and development. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

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