Skopje, 10 June 2025 (MIA) – Strumica businessman Risto Krmzov, suspected of serious financial fraud, has been ordered to serve 30-day detention by a court because he is considered a flight risk and could influence witnesses as well as due to the possibility of repeating the crime.

Krmzov was arrested on Monday morning after an arrest warrant was issued by the public prosecution for organized crime.

The investigation into the so-called “Krmzov” case is near completion, it was confirmed at a press briefing with PM Hristijan Mickoski in November 2024, where it was announced that information on the embezzlement of millions in relation to VAT return of companies would be revealed soon.

In September, a tax evasion operation was conducted in Strumica, Skopje and Gostivar. Four people were arrested.

The “Krmzov” investigation shows that millions of euros from Eurostandard Bank were transferred to accounts in Turkey. The investigation has expanded into several Strumica-based companies, which were part of Krmzov’s fraud scheme.

In addition to the Strumica businessman, police also detained two people as part of the tax evasion investigation. It is believed that some 15 million euros were embezzled.

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