- Freezing order of €6.8 million executed in probe into VAT fraud involving textile smuggling in Italy
- Order issued by judge for preliminary investigations of the Court of Bologna
- Four individuals and one company suspected of VAT fraud
- Italian Financial Police managed to freeze over €620,000 in bank accounts of suspects
- Over €27,000 in cash found and seized during searches
- Investigation targets eight individuals and seven companies
- Suspects accused of evading VAT on import of textiles from China into EU
- Scheme caused estimated VAT loss of over €13 million
- Assets worth €7.3 million frozen in April
- All persons presumed innocent until proven guilty in Italian courts
- EPPO responsible for investigating crimes against financial interests of 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.
