WORLD NEWS FOR MONTENEGRO DIASPORA
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German authorities have launched a major investigation into a large-scale financial fraud allegedly carried out by a father and son from Bosnia and Herzegovina. The pair are suspected of defrauding the German state of approximately €1.6 million through tax evasion and fraudulent business practices.
According to the investigation, the two suspects operated several companies registered in Germany, which they used to manipulate financial records and conceal taxable income. Investigators believe they submitted falsified financial statements and inaccurate reports on earnings and expenses, allowing them to avoid paying significant amounts in taxes and social contributions over multiple fiscal years.
German prosecutors, working closely with authorities in Bosnia and Herzegovina, have conducted extensive raids on the suspects’ business premises and private residences. During the searches, investigators seized financial documents, digital records, and accounting materials believed to be key evidence in the case.
Officials described the operation as part of a broader crackdown on cross-border tax and financial crimes, noting that such schemes undermine public trust and deprive the state of vital revenue for healthcare, infrastructure, and education.
Both suspects have been detained while prosecutors prepare formal charges. Legal experts say they could face several years in prison if convicted, along with full repayment of the defrauded amount and additional financial penalties.
German authorities are also considering whether to prosecute the case entirely under domestic law or seek cooperation from Bosnian legal institutions, depending on the scope of international financial transfers involved.
The case has drawn significant attention in both Germany and Bosnia and Herzegovina, where it has reignited discussions about closer cooperation between European law enforcement agencies in tackling financial crime networks that operate across borders.
Author: M.J
