Authorities in Montenegro have filed criminal charges against two Russian nationals and a local company for allegedly evading more than €50,000 in taxes. The charges were brought forth by the Basic State Prosecutor’s Office in Kotor, following a coordinated investigation by the Sector for the Fight Against Crime and the Financial Intelligence Sector.
The accused individuals, identified as M.K., aged 53, and N.S., aged 52, are linked to the firm A.&S d.o.o., based in Budva. They are suspected of committing tax evasion continuously from 2021 to 2025. Allegedly, while acting in their capacities as executive director, founder, and authorized representatives of the company, they withdrew cash from the company’s bank accounts in Montenegro without appropriate business documentation.
This series of transactions was purportedly aimed at avoiding tax obligations, leading to an illicit financial benefit of €51,197 from undeclared personal income tax. This amount represents a significant loss to the national budget of Montenegro.
Ongoing Efforts Against Economic Crime
The police statement highlights the ongoing national project, code-named “Evazija,” which focuses on combating economic crime within the country. The initiative aims to intensify efforts to uncover and prosecute individuals in the business sector whose actions undermine the economic order of Montenegro.
As the investigation continues, authorities emphasize their commitment to addressing tax evasion and other financial crimes. This case underscores the importance of vigilance in financial transactions and the necessity for strict adherence to legal and financial regulations.
The implications of such activities extend beyond the individuals involved, affecting the broader economic stability of Montenegro. The police are determined to pursue further investigations to ensure that those responsible for similar acts are held accountable, reinforcing the need for ethical business practices within the region.
