- The European Public Prosecutor’s Office (EPPO) is leading an investigation into a VAT fraud scheme in Italy.
- The estimated damage of the scheme is at least €53 million.
- One person has been arrested and more than 10 are under investigation.
- Searches have been executed in Italy and Switzerland.
- The scheme involves companies in Czechia, Germany, Italy, Romania, Switzerland, and the UK.
- The main beneficiary is a large company in Italy’s Emilia-Romagna region.
- The estimated damage is €53,898,816.69, which has been fully seized from the account of the main beneficiary.
- Cash and luxury watches have also been seized during the searches.
- The investigation was opened following a report by the Italian Revenue Agency and carried out by the Italian Financial Police.
- The EPPO is responsible for investigating and prosecuting crimes against the financial interests of the EU.
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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