EPPO Raids Criminal Organization in Greece for €36 Million VAT and €9 Million Subsidy Fraud

• The European Public Prosecutor’s Office (EPPO) conducted raids in Greece as part of an investigation into a criminal organization.
• The organization is suspected of committing a €36.4 million VAT fraud and a €9.6 million EU subsidy fraud.
• The Hellenic Financial Police carried out searches and arrests, resulting in the seizure of luxury cars, mobile phones, and cash.
• Charges were pressed against 32 individuals, with 10 already arrested and brought before the investigative judge.
• The criminal organization is involved in the wholesale and retail trade of consumer electronics, particularly mobile phones.
• The suspects created a network of companies in Greece and other EU Member States to exploit cross-border transactions and evade VAT payments.
• The investigation has revealed estimated losses of €36.4 million to the EU and national budgets.

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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