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Europol supports arrest of 22 suspects involved in €26.5m VAT fraud scheme

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Published on: 18 May 2021

Published by LNB News

LNB News 18/05/2021

Document Information

Issue Date: 18 May 2021

Published Date: 18 May 2021

Jurisdiction(s): United Kingdom

Article summary

Europol has announced it has supported Spanish authorities in the arrest of 22 suspects belonging to an organised crime group who carried out a VAT fraud scheme which has caused a loss of over €26.5m to Spanish authorities. During co-ordinated raids in Spain, the Netherlands and Belgium, investigators seized 16 high end vehicles, 13 properties worth an estimated €1.3m and froze bank accounts held in 33 different financial entities. The suspects used 'front companies' in Spain, Slovakia, Romania, Belgium and Netherlands to facilitate tax evasion.

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