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EPPO Operation: Crackdown on Multimillion VAT Fraud in German Car Sales

  • Over 80 searches conducted and three suspects arrested in probe into multimillion VAT fraud involving car sales
  • Suspects arrested in Munich and a village close to Dortmund
  • More than 40 high priced vehicles seized, along with luxury apartment and frozen bank accounts
  • Cash in multiple currencies, luxury watches, jewellery, and luxury bags seized
  • Writing robot used to print signatures on invoices and a weapon found
  • German companies suspected of fraudulently exporting cars using VAT ‘carousel’ fraud
  • Scheme caused estimated damage of over €70 million in lost VAT in Germany alone
  • Investigation supported by Europol, German Tax Investigation Offices, and Italian Financial Police
  • EPPO 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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