Horry County store owner arrested for tax evasion, failed to report at least $2 million
.jpg "An Horry County man was arrested and charged with four counts of tax evasion on Friday.")
An Horry County convenience store owner is accused of tax evasion, failing to report at least $2 million, according to state officials.
South Carolina Department of Revenue agents arrested Prem Kumar Akkineni, of Myrtle Beach, and charged him with four counts of tax evasion Friday, according to a press release.
According to two arrest warrants, Akkineni, 36, failed to report $2,080,305 between 2018-2021 which resulted in an alleged $166,425 evaded sales tax. The agency stated in the release that Akkineni operated Akkineni LLC, doing business as Short Stop, a convenience store.
If convicted, Akkineni faces a maximum prison sentence of five years or a $10,000 fine for each count.
Akkineni was booked into the J. Reuben Long Detention Center at 11:30 a.m. on Friday, pending a bond hearing.
This story was originally published September 16, 2022 at 1:43 PM.