Court in France comes to legal agreement with Swiss company charged with tax evasion on behalf of Sulaiman Kerimov
A FRENCH court announced on Wednesday a financial agreement,
accompanied by a fine, with a Swiss company prosecuted for having served as a
nominee and for having under-declared the purchase of a villa in Cap d’Antibes
on behalf of the billionaire Russian Sulaiman Kerimov.
Swiru Holding AG was indicted for complicity in tax evasion
on November 14, 2019. The same day, the oligarch, indicted for complicity in
tax evasion committed in March 2019, was placed under the status of an assisted
witness.
The company “agreed to pay a public interest fine totalling
€1.4 million,” said the Nice prosecution. It has also already returned more
than €10.3 million to the French tax authorities through a subsidiary “for tax
evaded.”
“The investigations revealed the concealment of part of the
price of the sale of the said villa, through the interposition of companies
domiciled in particular abroad, including the public limited company under
Swiss law Swiru Holding AG. The operating mode thus enabled the various parties
to the sales contract to voluntarily conceal part of the sums subject to tax,”
detailed the prosecution.
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