- EPPO conducted searches in Athens related to a €38 million VAT fraud
- The fraud involved a carousel scheme using cross-border transactions exempt from VAT
- Suspects set up a network of companies in Greece, Romania, other EU and non-EU countries
- These companies traded electronic goods worth €305 million, evading VAT payments
- The scheme caused a financial loss of at least €38 million to EU and Greek budgets
- Searches resulted in the seizure of documents, digital data, crypto assets, silver, cash, and firearms
- One suspect was arrested for possessing 63 firearms and cold weapons
- The operation was supported by various Greek law enforcement and forensic divisions
- Financial assets of 25 individuals and 13 companies were frozen to recover damages
- The investigation continues to uncover the full scope of the criminal activities
- EPPO functions as the EU’s independent public prosecution office focusing on financial crimes
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.
