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

 

Royal Society: Review Finds Community Water Fluoridation Safe And Effective

A review of the scientific evidence for and against the efficacy and safety of fluoridation of public water supplies has found that the levels of fluoridation used in New Zealand create no health risks and provide protection against tooth decay. More>>

ALSO:

Scoop Business: Croxley Calls Time On NZ Production In Face Of Cheap Imports

Croxley Stationery, whose stationery brands include Olympic, Warwick and Collins, plans to cease manufacturing in New Zealand because it has struggled to compete with lower-cost imports in a market where the printed word is giving way to electronic communications. More>>

ALSO:

Prefu Roundup: Forecasts Revised, Surplus Intact

The National government heads into the election with its Budget surplus target broadly intact, delivering a set of economic and fiscal forecasts marginally revised from May to reflect weaker commodity prices and a lower tax take. More>>

ALSO:

Convention Centre: Major New SkyCity Hotel And Laneway For Auckland

Today SKYCITY Entertainment Group Limited revealed plans to build a new hotel and pedestrian laneway of bars, restaurants and boutique shopping on land it owns in the Nelson and Hobson Streets block, expanding the SKYCITY Entertainment Precinct. More>>

ALSO:

Igniting The Spark: Bringing The Digital Enabler To Life

Changing a name is, relatively speaking, the easy part of a re-invention. Changing a culture, getting all the ducks in a row, turning yourself inside-out to become customer-inspired is a much bigger challenge. More>>

ALSO:

Ebola And NZ: Targeted Screening At Airport But Risk Low

The risk of any cases of Ebola in New Zealand remains very low, but health and border authorities are well prepared... anyone arriving in New Zealand who in the last three weeks has visited countries affected will be screened for symptoms of the disease. More>>

ALSO:

Scoop Business: Brewer Seeking Crowd-Funding Cancels Shareholders’ Dividends

Shareholders in Renaissance Brewing company, the first business to seek equity through crowd-funding in New Zealand, have cancelled their claim on $147,000 of accumulated earnings “to make Renaissance a more attractive investment opportunity.” More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

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