€114m VAT fraud involving smartphones; Arrests in Cyprus, Germany and Italy, searches also in Greece
The criminal network allegedly exploited EU rules on cross-border transactions, causing substantial tax losses in Sweden and Germany – Assets seized and 12 searches conducted across four countries
Budget: Primary surplus at €3.638 billion in the five-month period
€2.4 billion above target – “Net excess” of €258 million also in tax revenues
New VAT carousel network with company structure, dozens of defendants and turnover of €84.5 million
The companies had activities in construction, telecommunications, catering and security – false transports using trucks belonging to unrelated businesses