Greek Police Solve Major Fraud Case
Today, the financial sector of the Hellenic police force reported solving a fraud case, by an Aspropyrgos-based recycling firm that avoided taxes, among other illegal activities.
The owner and his daughter have been arrested as a result of the case, with an estimated 2.0 million dollar hit felt by the Greek government. The eco-friendly company sold premier branded goods on the black market, instead of recycling them. The agency created falsified certificates and didn't document any sales, transactions or income tax on the sold items.
These crimes resulted in an enormous loss for Greece, since the nation returned VAT payments by the firms whose merchandise was thought to be converted. The guilty were finally caught, after an undercover police officer bought brand-name shoes and attire for more than 1,000 euros, and was never handed a receipt.
A warehouse raid followed, which identified four capsules packed with an approximated 9.5 million euros worth of high-end goods. The two arrested hustlers were seen by an Athens Misdemeanours Court prosecutor and are scheduled to testify before the 5th examining magistrate.
