Summary
- The European Public Prosecutor’s Office (EPPO) in Athens conducted searches and seizures in Attica and Kastoria as part of an investigation into a suspected VAT carousel fraud scheme involving the trade of small electronic goods and money laundering. [eppo.europa.eu], [ekathimerini.com]
- The scheme, uncovering a network of companies in Bulgaria, Cyprus, Czechia and Greece, allegedly used a chain of “missing traders” between 2021 and 2025 to exploit the VAT exemption on cross-border EU transactions — causing at least €46.9 million in losses, with a further €24.2 million in VAT unpaid or wrongly declared (≈ €71 million total). [eppo.europa.eu], [en.protothema.gr]
- Investigators seized €99,000 in cash, three luxury cars, and froze cryptocurrencies (~€900,000) plus other digital assets (~€4.5 million) — described as Greece’s largest-ever digital-asset freeze — along with freezing orders on 88 properties and multiple bank accounts. [sofiaglobe.com], [ekathimerini.com]
External links
- Greece: Searches and seizures in probe into suspected €46.9 million VAT carousel fraud – EPPO [eppo.europa.eu]
- EPPO seizes €46.9 million in Greece in suspected VAT carousel fraud – eKathimerini [ekathimerini.com]
- Bulgarian link in European prosecutors probe into millions of euro VAT fraud – The Sofia Globe [sofiaglobe.com]
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