💨 Abstract

European police arrested 43 people and seized €520 million in a joint investigation into a criminal network engaged in VAT evasion, money laundering, and mafia activities. The investigation, involving around 400 companies and 200 suspects, focuses on tax fraud in the trading of IT products and electronic devices within the EU, with a total of false invoices amounting to €1.3 billion.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖