Court approved RHS insolvency, one of the largest IT distributors
2012-04-03 10:11:16
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Bucharest Court approved the opening of insolvency procedure of RHS Company, at the request of the company, IT distributor, with turnover exceeding EUR 80 million in 2010 and profit in the last three years, with blocked accounts as a result of suspected fraud by not paying VAT. "Insolvency is not due to lack of profitability of the company, which ended the last three years on plus, but a suspicion of fraud of RON 97 million made at RHS, Scop Computers and Romsoft, major players in the Romanian distribution market", said a statement of the law firm Borza & Associates. In the case of RHS, ANAF sent on 9 March, a decision establishing the protective measures after checks were was found that RHS Company, distributor of components, accessories and IT systems, and Romsoft purchased through Star Soft and North Star Soft supply services data, processing information for GPS monitor of the cars amounting RON 550 million (EUR 130 million) from a "ghost" firm, named Twin Impex SRL.
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