It was revealed that the owners of a very well-known private vocational school (IIEK), which has been operating in Greece for the last twenty years in the field of private post-secondary education, were in fact evading millions of euros in taxes.
During a several month long investigation, a large amount of tax, bank documents and data were examined. As a result, the owners of the business group were accused of several felony offenses and tax evasion amounting to 20 million euros.
That case involved a total of fourteen people (from 35 to 97 years of age) associated with the particular business group, either as owners or holding various positions. They have been charged for creating and participating in a criminal organization, felony-degree fraud, as well as money laundering.
According to the preliminary case file data, it appears that the owners of the business group, who were all relatives, used to legally establish companies, placing “people pawns” as legal managers who were elderly in their overwhelming majority, without much money.
These “front companies” operated with the sole purpose of advertising and “lending” administrative and teaching staff to the business group’s companies.
With the establishment of these companies, the business group was exempt from the obligation to pay insurance contributions for all staff employed by the group companies and furthermore, from the fees of advertising the group.
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