Italian and European investigators seize €520M and arrest 43 in VAT fraud, involving mafia.

Italian and European investigators have seized €520 million and arrested 43 people in a cross-border operation targeting a VAT fraud ring involving 400 companies. The investigation, led by Italian magistrates and the European Public Prosecutor's Office, also uncovered mafia involvement, including the Camorra and Cosa Nostra, who laundered profits from the fraud. Assets seized include real estate and luxury vehicles in Italy and other European countries.

November 14, 2024
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