Massive European Operation Uncovers VAT Fraud Linked to Mafia

Authorities across Europe have arrested 43 individuals and confiscated assets totaling 520 million euros in a VAT fraud operation linked to mafia activities. Involving around 400 companies, the investigation spans several European countries and the UAE. The operation revealed mafia investment in white-collar crimes.

European authorities have dismantled a significant criminal network involving 43 arrests and the seizure of assets worth 520 million euros. The investigation targeted a VAT fraud operation linked to notorious mafia groups, including the Camorra and Cosa Nostra.

The European public prosecutors' office, along with Italian police, uncovered a sophisticated scam involving around 400 companies trading IT products and electronics. According to European prosecutors, the suspects are charged with facilitating mafia investments in VAT fraud, a low-key yet lucrative avenue for organized crime.

Authorities conducted over 160 searches across multiple countries, including Italy, Spain, and the Netherlands. Significant assets, including real estate, were confiscated. This case highlights the growing involvement of mafia in white-collar crimes, blurring the lines between violent and financial criminal activities.

(With inputs from agencies.)