Suspected scheme involving more than 1.2 million euros in North Macedonia, Financial Police file charges against two people

The Financial Police in North Macedonia have filed criminal charges against two people suspected of undertaking unlawful actions from 2022 to 2024 to knowingly drive a legal entity, namely a company, into a complete lack of liquidity and then into bankruptcy, INA reports.

According to a statement from the Financial Police Directorate, the first suspect, Gj.Z., in the role of owner and manager of the company, in cooperation with the second suspect, A.S., acted according to a premeditated plan to create a false state of financial incapacity and to cause the company’s economic collapse.

During this period, according to the authorities, contracts were concluded to the detriment of the company, and money and other assets were transferred to people close to the first suspect, without any real legal or economic basis. The manager also put the company’s movable and immovable property up for sale at values clearly below market prices, without any economic justification and to the direct detriment of the company and its creditors.

Through these actions, the company’s funds were continuously withdrawn, the value of its assets was reduced, and at the same time it became impossible to settle obligations to creditors. As a result, the company entered a full blockade, after which bankruptcy proceedings were initiated.

The Financial Police said that these maneuvers caused creditors damage of around 215,000 euros (13,268,816 denars), while the suspects and people with family ties to them secured unlawful gains of more than 1,195,000 euros (73,538,152 denars)./INA/