EPPO uncovers Chinese underground banking network suspected of €113 million VAT fraud

EPPO in Bologna and Milan has dismantled a criminal gang accused of evading €113 million in VAT and ML through a Chinese underground banking network. Authorities conducted searches across 20 Italian cities and arrested seven suspects, including two alleged ringleaders, while five others were placed under house arrest. The investigation uncovered a complex international tax fraud scheme involving ghost companies that imported clothing…