A large-scale police operation by the Financial Crimes Investigation Sub-Division of the Attica Security Directorate (DAOE) has been in full swing since early Monday morning, in areas of Attica and Corinthia.

The operation is conducted in the context of dismantling a criminal organization allegedly involved in extensive fraud in Greece and the European Union. According to preliminary information, the organization defrauded Greece and European institutions through fictitious or misleading applications for rent compensation due to COVID, refundable advances, NSRF grants, and contributions to EFKA.

The financial loss from the activities of the spiral is estimated to exceed 5.500.000 euros.

So far, five members of the organization have been arrested, while investigations are in full swing and official announcements from the Hellenic Police are expected in the coming hours.