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Rusal’s offices raided amid tax evasion allegations
7:22 am, Wed February 27, 2013
Russian officials have raided the offices of UC Rusal, the world's largest aluminium producer and major stakeholder in Jamaica's mining sector, amid an investigation into alleged tax evasion. The Moscow branch of Russia's Investigative Committee is looking into claims a Rusal subsidiary dodged more than US$6 million in taxes.
Rusal, controlled by Oleg Deripaska, one of Russia's richest men, dismissed the allegations as groundless.
An official at Rusal's subsidiary, Folga, is at the centre of claims of doctoring accounts from 2008 to 2009 to include services rendered by a non-existent company.
Rusal says it plans to appeal against the tax claim, which was issued by a Moscow court but has not yet come into effect.
Rusal has a major stake in the Kirkvine and Alpart alumina operations in Jamaica.
7:22 am, Wed February 27, 2013
Russian officials have raided the offices of UC Rusal, the world's largest aluminium producer and major stakeholder in Jamaica's mining sector, amid an investigation into alleged tax evasion. The Moscow branch of Russia's Investigative Committee is looking into claims a Rusal subsidiary dodged more than US$6 million in taxes.
Rusal, controlled by Oleg Deripaska, one of Russia's richest men, dismissed the allegations as groundless.
An official at Rusal's subsidiary, Folga, is at the centre of claims of doctoring accounts from 2008 to 2009 to include services rendered by a non-existent company.
Rusal says it plans to appeal against the tax claim, which was issued by a Moscow court but has not yet come into effect.
Rusal has a major stake in the Kirkvine and Alpart alumina operations in Jamaica.