- EPPO in Munich secured a conviction in a VAT fraud case involving platinum coins
- The convicted individual was a leader in a criminal organization defrauding over €23 million
- Munich Regional Court sentenced the individual to six years and three months in prison
- €4.9 million was confiscated from the defendant
- The fraud involved a VAT carousel scheme with repeated circulation of platinum coins
- Criminal activities led to a tax loss of at least €23 million in Germany
- Core activities were in Hamburg, Chemnitz, and Munich; money laundering in Czechia and Slovakia
- Investigation was conducted by the Tax Investigation Office in Chemnitz
- EPPO is the EU’s independent public prosecution office for financial crimes against 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.
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