- Five people arrested in Spain for a €300 million VAT fraud involving hydrocarbon firms.
- The scam used a network of 38 companies and laundered money abroad to avoid detection.
- Authorities seized properties, vehicles, boats, bank accounts, crypto-assets, cash, art, luxury items, and valuable metals.
- The group is charged with crimes against the Public Treasury, criminal organization, and money laundering.
- The investigation began in mid-2024 after suspicious activity by wholesale hydrocarbon operators who evaded new tax reporting laws.
Source: theolivepress.es
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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