- The European Public Prosecutor’s Office (EPPO) in Rome, Italy, initiated an investigation into a €17 million VAT fraud involving electronic products. The Italian Financial Police conducted searches and seizures in Rome and Brescia, resulting in one person being placed under house arrest and three others being barred from business management. The Court of Rome ordered preventive seizures totaling over €17.7 million, including various assets. The fraud involved a criminal group using false invoices and missing traders to sell electronic goods at low prices, giving them an unfair advantage and raising money laundering suspicions. The investigation began after economic monitoring identified suspiciously low-priced high-tech products. All suspects are presumed innocent until proven guilty.
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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