Special tax-evasion unit uncovers 270 million fraud

A special tax-evasion unit set up by the Czech Finance Ministry, has uncovered fraud worth 270 million crowns, the head of the Czech Tax Administration, Jiří Žežulka told reporters. Four men have been charged with tax evasion in the case; the men allegedly carried out fictitious sales of technology to offshore firms, and then applied for VAT reimbursement. The alleged fraud is the first case uncovered by the special unit, dubbed Kobra which was set up earlier this year and includes experts from the tax and customs administration and the police.