VAT Carousel Fraud Unravelled

In June 2020, an operation in Hungary, Austria, the Czech Republic, Slovakia, and Serbia, coordinated by Eurojust and supported by Europol, unravelled a VAT fraud carousel that has caused a loss of approximately €10 M to the Hungarian budget. The organised crime group (OCG) imported and resold huge quantities of sugar and cooking oil from the EU through domestic companies without paying VAT. Two leaders of the OCG were arrested in the course of the action days.

News Guide

EU Europol Eurojust

Author

Riehle_Cornelia_Neu_SW.jpg
Cornelia Riehle LL.M.

Institution:
Academy of European Law (ERA)

Department:
Criminal Law