- EPPO-backed raids led to the arrest of seven suspects in Italy over a €78 million cross-border VAT fraud scheme, code-named Nebula.
- The group allegedly used a network of shell and missing-trader companies in Italy and Croatia to trade hygiene and electronic goods while evading VAT.
- Authorities say the scheme caused over €33 million in VAT losses in Italy alone and involved fake supply chains and strawmen to hide the operation.
- Two suspected leaders were jailed, four were placed under house arrest, and two faced other preventive measures; one suspect had already left the country.
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.
