European prosecutors probe €46.9 million VAT carousel fraud across Greece, Bulgaria, Cyprus and Czech Republic
Fraud & scams
The European Public Prosecutor's Office (EPPO) conducted searches in Athens and Kastoria as part of an investigation into alleged VAT carousel fraud involving trade in small electronic devices. Investigators froze approximately €900,000 in cryptocurrency and €4.5 million in other digital assets, seized €99,000 in cash, and froze 88 properties valued at over €4.5 million. The network is estimated to have caused losses of at least €46.9 million to Greek and EU budgets, with an additional €24.
Latest 1940 stories
Bribery & corruption
Former senior Securities Authority official: Yeshurun was not interrogated with caution because Ben-Ari said no charges would be filed against him
Attorney Eran Sham-Shavit, who served as legal advisor to the Securities Authority's investigations unit during Case 4000 investigations, testified in Prime Minister Benjamin Netanyahu's corruption trial.
Bribery & corruption
Iraq recovers 375kg of gold in corruption raids
Iraqi authorities recovered 375 kilograms of gold in anti-corruption operations related to the case of Adnan Al Jumaili, Iraq's deputy oil minister who is currently detained on suspicion of corruption-related offenses.
Sanctions
EU imposes sanctions on VK and state messenger MAX
The EU sanctioned VK (parent company owning VKontakte and Odnoklassniki), OOO "Kommunikatsionnaya Platforma" (MAX messenger developer), and 11 individuals.
Money laundering
ED uncovers ₹303-crore transnational cyber fraud syndicate; 10 arrested, crypto trail traced to Dubai
India's Enforcement Directorate uncovered a transnational cyber fraud and money laundering syndicate that laundered over ₹303 crore through mule bank accounts, shell companies, and cryptocurrency, with intelligence indicating that nearly ₹641 crore had been routed through UAE-based fintech platform PYYPL using Indian-issued debit cards.
Fraud & scams
Dismantled computer fraud network with 67 money mules in Spain that misappropriated €140 million
The National Police dismantled a criminal organization that stole €140 million through computer fraud in Spain, Portugal, and Panama. The network operated 800 bank accounts and 120 business entities using 67 foreign money mules. 1 person was arrested in Spain, 2 in Portugal, and 1 in Panama.
Sanctions
United States sanctioned Cuba's Tourism Ministry and paramilitary organizations linked to suppression of dissidents
The U.S. Treasury Department announced new sanctions against Cuba's Tourism Ministry, state enterprises, and organizations linked to security.
Fraud & scams
Former Argentine minister convicted of fraud in Swedish construction company Skanska works
An Argentine federal court convicted former Planning Minister Julio de Vido to five years in prison for fraud by fraudulent administration to the detriment of the national state and passive bribery.
Money laundering
La Serena: Effective prison sentences and asset seizure for perpetrators of tax fraud and asset laundering
A Chilean court sentenced three people—two former municipal officials (N.C.M. and B.G.) and an associate (C.M.F.)—for tax fraud and asset laundering. The women received combined sentences of 8 years, while C.M.F. received 7 years.
Other
Paraguay justice sentenced former senator Edgardo Kueider to two years suspended imprisonment for backpack with USD 200,000
The Specialized Economic Crimes Court of Paraguay sentenced former Argentine senator Edgardo Kueider to two years suspended imprisonment for attempted smuggling. His former secretary and current partner, Iara Guinsel, received a sentence of one year and ten months, also suspended.