- European Public Prosecutor’s Office (EPPO) investigation named ‘Moby Dick’ into €520 million VAT fraud involving mafia groups
- 43 suspects facing detention orders, 160 searches in 10+ countries, 195 individuals investigated, 400+ companies involved
- Over €520 million frozen to compensate EU and national budgets, 129 bank accounts frozen in Italy, 192 properties seized, 44 luxury cars and boats confiscated
- Criminal syndicate set up tax evasion scheme involving mafia clans, issued invoices for over €1.3 billion in electronic goods
- VAT carousel fraud exploiting EU rules on cross-border transactions, suspects established companies in EU and non-EU countries
- 43 suspects facing pre-trial detention, European arrest warrants issued, temporary ban on commercial activities for 4 suspects
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.
