- EPPO in Munich is investigating a suspected 10 million euro VAT carousel fraud scheme.
- 28 searches and seizures were conducted, resulting in three arrests in Leipzig and Munich.
- Gold, luxury watches, and cash worth more than 1 million euros were seized.
- 2.2 million euros were frozen on bank accounts in Germany.
- Suspects are believed to be members of an organized crime group.
- The investigation is ongoing.
- All persons are presumed innocent until proven guilty.
- The EPPO is the independent public prosecution office of the European Union.
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.
