European Public Prosecutor's Office investigates VAT fraud of €46.9 million in Greece
The European Public Prosecutor's Office conducted checks and seizures as part of an investigation into suspected "carousel" type VAT fraud, with damage estimated at €46.9 million.
European Public Prosecutor's Office investigates VAT fraud of €46.9 million in Greece
Officials from the European Public Prosecutor's Office carried out investigations on Greek territory in a case of tax fraud involving the circular deception method in VAT. The damage to public funds is estimated at €46.9 million.
During the operations, authorities seized digital assets worth €46.9 million — an amount that constitutes a national record for digital asset seizures. In addition, €99,000 in cash and three expensive vehicles were seized.
The alleged network operated through companies headquartered in Greece, Cyprus, the Czech Republic and Bulgaria. The perpetrators are believed to have exploited the VAT exemption in intra-community transactions, creating chains of companies with "missing traders" to avoid paying taxes or to claim illegal refunds.
The offences being investigated include VAT fraud and money laundering from criminal activities. The operations were conducted by the Internal Affairs Unit of Security Bodies, with assistance from the Digital Criminal Research and Analysis Subdivision of the Criminal Investigation Directorate.
The investigation is ongoing.
Source: Taxheaven
Source: Google News GR — Crime (el)