Criminal organisation using shell companies in Northern Greece – Four arrests
Four arrests have been made by authorities in Northern Greece in an operation against an organisation that used shell companies for systematic tax evasion.
Four arrests in tax evasion operation in Northern Greece
A major police operation has been underway in Northern Greece since the morning of Monday 21 September, according to Ta Nea. The Anti-Organised Crime Subdivision of the Hellenic Police has so far arrested four individuals, members of an organisation alleged to have exploited general trading companies for systematic tax evasion.
The companies were legitimate and operated normally; however, according to investigation findings, a mechanism for generating illegal profits had been established behind their lawful activities. The businesses did not discharge the required tax obligations and accumulated debts to the State that remained unpaid.
So-called "straw men" are alleged to have played a decisive role in the operation of the mechanism – individuals who appeared as owners or managers without exercising actual control. Their use was intended, according to authorities, to hinder the identification of the leadership figures of the organisation.
The financial benefits from the mechanism flowed to the individuals alleged to be at the top of the organisation. The investigations are continuing, with authorities seeking to establish the full financial footprint of the case, as well as any additional parties involved.
Further details are expected to become known following the completion of the operation and an official announcement by the authorities.
Source: Ta Nea