MOSCOW, September 1 - RAPSI. Investigators have opened a case against a 38-year-old Moscow resident on suspicion of evading taxes to the tune of 1.09 billion rubles ($39 million), Investigative Committee spokesperson Vladimir Markin told RIA Novosti on Thursday.

Investigators maintain that the suspect served as the director and chief accountant of an enterprise engaged in the design, sale and commissioning of production and power facilities, as well as the sales of hi-tech electronic production equipment. The enterprise was registered with the tax authorities in Moscow and the businessman lived in Krasnodar.

According to the suspect, the tax inspectors had no time to demand taxes from him as he deregistered his business in Moscow and re-registered it in Krasnodar.

He is charged with large-scale tax evasion punishable by up to six years in prison.