- Eleven suspects arrested in Italy for VAT fraud scheme involving electronic goods
- Assets worth up to €25 million seized
- Suspects include entrepreneurs and accountants forming a criminal organization
- Fraudulent tactics included fake invoices and fictitious transactions
- Scheme resulted in VAT losses exceeding €25 million to EU and national budgets
- Evidence of self-money laundering found in investigation
- Suspects to be placed under house arrest, with five facing bans from holding managerial positions
- EPPO in Rome and Turin leading the investigation
- All suspects presumed innocent until proven guilty in Italian courts
- 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.
