Macau | Filmmaking company for LRT project was chosen based on rating criteria - GIT
| 07:13pm
Macau | Abuse might occur if Gov't covers entire insurance premium for citizens - local group
| 06:00pm
Austria's far-right to enter government
| 05:45pm
Macau | Small population and abundant public coffers make universal medical insurance system feasible – legislator
| 05:24pm
Man with knife shot at Amsterdam airport; suspect is known offender
| 03:00pm
Toll rises to two dead after Indonesia quake
| 02:30pm
Wounded North Korean defector transferred to South Korean military hospital
| 02:00pm
Australian PM's future at stake in crucial Sydney by-election
| 01:30pm
Macau | Gov't to launch measures to promote healthy housing market development
| 01:00pm
Japan eyes US$46bln defence budget to counter N. Korea: report
| 12:15pm

No connection noted between defendants in East Timor tax case

East Timor Tax Office Director unaware of any connection between MSAR couple currently on trial for embezzlement and the defendant in another case

As the court case led by the East Timor Government against a Portuguese couple for the alleged embezzlement of US$860,000 (MOP6.9 million) tax continued, the Director of the East Timor Tax Office, Mónica Rangel, testified she was not aware of any connection between the couple and the defendant in another case.
Former Macau residents Tiago and Fong Fong Guerra are accused by the East Timor Public Prosecutor’s Office of money laundering, embezzlement and falsifying documents in co-operation with an American consultant named Bobby Boyle with the purpose of appropriating taxes owed to the country’s government by oil companies.
According to the prosecution, Mr. Boyle – currently under arrest in the United States – gave instructions to the couple to transfer the embezzled funds to the couple’s company in Macau, Olive Consultancy, with the intent of hiding the funds by moving them through several accounts and companies.
Ms. Rangel stated in court that she was aware of the Macau company, saying it was registered in East Timor and that although ‘having paid few taxes’ no tax irregularities were found.
The Tax Office Director was questioned by the defence on why she did not consider it strange that a company registered in Macau had in the e-mails sent to the tax authorities the personal address of Mr. Boyle cited as a company address, to which Ms. Rangel said they had not investigated the issue.