EPPO Seizes Assets in Luxembourg in Alleged €60m VAT Fraud Investigation

• EPPO seizes assets in Luxembourg in alleged €60m VAT fraud
• EPPO names Grand Duchy as one of the destinations for illegally obtained VAT reimbursements in suspected French fraud
• Assets and bank accounts seized in four European countries
• EPPO investigates fraud against EU budget
• Four suspects arrested in Western France for alleged VAT fraud scheme
• Suspects created false documents and statements to benefit from VAT reimbursements
• Funds sent to accounts abroad under false identities
• Alleged criminal activities started in 2020
• EPPO investigation based on report from French customs
• Second high-profile coup by EU prosecutors after busting €600 million fraud in Italy
• Sicilian baker busted for allegedly defrauding EU funds

Source: luxtimes.lu

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.

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