- EPPO-backed Italian police seized over €6 million more in assets in a suspected VAT carousel fraud involving luxury cars, bringing total seized assets to €11 million.
- Two people were arrested, five others faced coercive measures, and 16 searches were carried out across several Italian provinces.
- Authorities also seized 61 vehicles, luxury goods, and froze 10 bank accounts, including some abroad.
- The network is suspected of importing over 1,700 vehicles from Germany to Italy between 2019 and 2024 using false invoices and shell companies.
- The alleged fraud caused more than €42.8 million in unpaid VAT.
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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