OLAF and EPPO uncover a €700M cross-border fraud scheme involving undervalued and misclassified imported goods to evade EU customs duties and taxes

The network, primarily run by Chinese nationals, operated through shell companies and falsified documents, with goods funneled through the Port of Piraeus in Greece. Raids across Greece, Spain, France, and Bulgaria led to the seizure of €5.8 million, thousands of vehicles, firearms, and luxury assets. An estimated €250 million in customs duties and €450 million in VAT were lost, with proceeds laundered back to China via underground banking and trade-based methods…