- 11 suspects arrested in Portugal for VAT fraud involving essential food products
- Estimated damage of €30 million
- 222 search warrants executed, including house and company searches
- Network involved 102 companies in Portugal, Spain, and France
- Scheme involved purchasing products in Portugal using shell companies to evade VAT payment
- Illicit gains allowed suspects to sell goods at below-market prices
- Undue profit of €30 million made by suspects
- Investigative measures supported by tax authorities in Portugal, Spain, and France
- EPPO responsible for investigating crimes against EU financial interests
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.
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