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President labels B410 affaire as Guatemala’s worst tax scam

Guatemala City, Aug 19 (Prensa Latina) President Bernardo Arevalo described on Monday the B410 case (a structure that deprived State coffers of at least US$38 million) as the worst tax scam committed in Guatemala.

Speaking to a press conference at the National Palace of Culture, seat of the Government, the president commended the high level of professionality displayed by the team of the Superintendence of Tax Administration (SAT) in unveiling the criminal network made up of 410 companies.

As a Government committed to fight corruption, we will take relevant actions, in line with the implications that this fraud organization have for the public treasury and the people’s assets, Arevalo underlined.

The Prosecutor’s Office, fulfilling its constitutional mandate, will adopt measures to defend the interests of the State and contribute to the investigations, so as to bring to justice those involved in this affaire, he assured.

The so-called B410 affaire developed under the previous Government of Alejandro Giammattei 2020-2024) aimed at enriching a few, said Arévalo, leader of the so called Movimiento Semilla (Seed Movement), who went on to indicate that all that has been uncovered plainly demonstrates that corruption was the operating system of the State at that time.

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