World & BusinessAnother suspect reportedly arrested in cross-border VAT fraud investigation
OCCRP reports that the European Public Prosecutor’s Office arrested another suspect in its “Escape Room” probe spanning six EU countries. Prosecutors estimate at least $79 million in losses in the Netherlands and Belgium.
TLDR
OCCRP reports another arrest in the European Public Prosecutor’s Office’s “Escape Room” investigation into alleged cross-border value-added tax (VAT) fraud. The network allegedly used hundreds of shell companies and fictitious invoices to conceal transactions involving electronic devices and evade VAT in Austria, Belgium, Germany, Latvia, the Netherlands and Poland. According to OCCRP, EPPO estimates the scheme caused at least $79 million in losses in the Netherlands and Belgium.
Another suspect reportedly arrested in cross-border VAT fraud investigation
OCCRP reports that the European Public Prosecutor’s Office arrested another suspect in its “Escape Room” probe spanning six EU countries. Prosecutors estimate at least $79 million in losses in the Netherlands and Belgium.
TLDR
OCCRP reports another arrest in the European Public Prosecutor’s Office’s “Escape Room” investigation into alleged cross-border value-added tax (VAT) fraud. The network allegedly used hundreds of shell companies and fictitious invoices to conceal transactions involving electronic devices and evade VAT in Austria, Belgium, Germany, Latvia, the Netherlands and Poland. According to OCCRP, EPPO estimates the scheme caused at least $79 million in losses in the Netherlands and Belgium.