In a major crackdown, Greek authorities have arrested six individuals linked to an intricate network responsible for defrauding the national economy of millions. The operation involved coordinated efforts between the Financial Crimes Unit and tax authorities, revealing sophisticated methods employed to evade taxes and launder large sums of money across multiple sectors. The suspects, believed to have exploited loopholes in corporate accounting and shell companies, are now facing charges including money laundering, tax evasion, and fraudulent bookkeeping.

  • Use of offshore accounts to obscure financial trails
  • False invoicing schemes to inflate business expenses
  • Collusion with complicit accountants and lawyers
  • Diversion of funds through fake transactions and companies
Aspect Details
Estimated Loss to Economy €25 million+
Duration of Scheme Over 5 years
Number of Involved Entities 12 companies
Authorities Involved Financial…