- The Spanish Tax Agency dismantled a nationwide VAT fraud scheme in the hydrocarbons sector involving 38 companies and over 300 million euros in fraud.
- The operation, called ‘Pamplinas Stars’, included 18 searches across seven provinces, resulting in the seizure of assets such as real estate, vehicles, boats, cash, crypto-assets, and luxury items.
- Five people were arrested, including one of the organization’s leaders, and are charged with crimes against the Public Treasury, criminal organization, and money laundering.
- The fraud involved underreporting VAT, using shell companies, and moving funds abroad; the scheme continued through multiple operators even after regulatory removals.
- The investigation was led by the Tax Agency and coordinated with judicial and anti-corruption authorities.
Source: lavozdeibiza.com
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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