BEB seizes nearly 820 jewellery items at factory in Vinnytsia

Investigators from the Bureau of Economic Security (BEB) conducted searches at the premises of the private enterprise "Jewellery Factory 'Malva'" in Vinnytsia. During the operations, nearly 820 jewellery items were seized.

Reports with no income

Criminal case No. 72026021020000015 was opened under Part 2 of Article 212 of the Criminal Code of Ukraine. Law enforcement officers suspect the factory management of evading tax payments totalling 9.9 million UAH.

An analysis of the company's financial reports for 2023–2025 revealed an anomaly: net income from the sale of products was 0 UAH. The balance sheet listed only expenses for premises rent, utility services, and electricity.

"Artificial splitting" scheme

According to the investigation, the production and sale of valuables were carried out not through the main enterprise, but via a network of shops operating under the "Malva" brand. These outlets were registered to sole proprietors operating under the simplified taxation system.

The prosecution classifies this structure as "artificial business splitting". In addition to the founder and head of the factory, several controlled sole proprietors were involved in the scheme. It was through their shops that the manufacture and sale of jewellery items took place.

Who is behind the company

The sole founder, director, and ultimate beneficial owner of the private enterprise "JF 'Jewellery Factory 'Malva'" is Valentyn Volodymyrovych Malovanyi. The company has been operating since 1994, and its charter capital is 25,000 UAH. The enterprise's official website is malva ua.