- The European Public Prosecutor’s Office (EPPO) led a major operation against a suspected €103 million VAT carousel fraud network in the luxury car trade across nine EU countries.
- Nine suspects were arrested and over 150 searches conducted, with luxury assets worth over €13.5 million seized.
- The scheme allegedly involved shell companies, nominee directors, and complex cross-border transactions to repeatedly claim fraudulent VAT refunds.
- The main suspects are linked to car dealerships in Germany, with the network spanning at least six EU countries and operating from 2017 to 2025.
- The case highlights ongoing vulnerabilities in intra-EU trade to VAT fraud, which EPPO says accounts for the majority of financial damage in its caseload.
Source: atfcp.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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