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Audit: Property of Prominent Businessman Under Scrutiny – Serious Indications of Irregularities!

Published February 10, 2026, 09:09
Audit: Property of Prominent Businessman Under Scrutiny – Serious Indications of Irregularities!

The Audit Office conducted an investigation into the Tax Department following an anonymous complaint regarding the sale and subsequent repurchase of a property under construction (belonging to a well-known businessman) between 2015-2017. The investigation revealed serious indications of irregularities, such as a sudden and unjustified decrease in the sale price, potential inflation of construction costs, and transactions between related parties. The Audit Office found that the Tax Department did not conduct adequate and timely audits, which may have resulted in a loss of revenue for the public. The report highlights the need for targeted tax audits and strengthening mechanisms for early detection of high-risk cases.