- 18 suspects, including five alleged ringleaders, were detained in Spain for involvement in a €32.8 million VAT fraud scheme related to imported alcohol.
- The criminal network used shell companies in Belgium, Portugal, and Spain, and false invoices to evade taxes on alcohol imports.
- Law enforcement searched 12 locations, seized assets including bank accounts, cars, real estate, and €430,000 in cash, with additional seizures in Portugal.
- The scheme operated through Spanish tax warehouses and fraudulent intermediaries who disappeared without paying VAT, laundering the illicit profits.
- The investigation involved cooperation between Spanish, Portuguese, and Belgian authorities, and the profits were linked to companies with connections to the Turks and Caicos Islands.
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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