- EPPO in Cologne has indicted five members of an organized crime group for VAT fraud
- The investigation, code-named ‘Huracán’, involves international trade of over 10,000 cars
- The suspects were arrested in June 2023 after searches in seven countries
- More than 60 people are suspected of participating in the fraud scheme
- The group generated over €190 million in fraudulent turnover and €53.7 million in VAT losses
- Confiscated goods include cars, real estate, and €2 million in cash
- If convicted, the suspects face several years of imprisonment
- EPPO is responsible for investigating and prosecuting crimes against the financial interests of the EU
Source: eppo.europa.eu
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
