- European Public Prosecutor’s Office seizes €2.4 million in assets in Romania in investigation into fraudulent fuel imports to Italy
- Previous seizures in Italy worth €19.9 million did not cover the full damage to the EU budget estimated at €92 million
- Assets seized in Romania include 18 properties, 14 bank accounts, and shareholdings in Romanian companies
- Investigation involves a criminal group led by three Italians working from Dubai, Miami, and Naples
- Scheme involved importing petroleum products into Italy from Croatia and Slovenia for resale at low cost
- Company in Parma believed to have committed Missing Trader Intra-Community (MTIC) fraud
- Scheme caused damage to tax administration of over €92 million since 2016
- Freezing order executed in Romania under provisions in Article 31 of the EPPO Regulation allowing for faster cross-border investigations
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.
