- Two ringleaders convicted for multi-million VAT fraud in Germany
- Investigation led by European Public Prosecutor’s Office, code-named Goliath
- Fraud involved VAT carousel scheme exploiting EU cross-border transaction rules
- Damage estimated at approximately 26 million euros
- Companies set up in EU and non-EU countries to trade electronics fraudulently
- Danish managing director sentenced to five years and two months, assets confiscated
- Turkish manager sentenced to five years and nine months, assets confiscated
- Hungarian accused paid fine, proceedings terminated
- First convictions in ongoing investigation, subject to appeal
- EPPO responsible for EU financial crime investigations and prosecutions
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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