Hermes: 62 arrests in €410 million VAT fraud investigation
The European Public Prosecutor’s Office announced 62 arrests in investigation Hermes on 7 October: 39 in Portugal, twenty in Spain and three in Italy.
The European Public Prosecutor’s Office announced 62 arrests in investigation Hermes on 7 October: 39 in Portugal, twenty in Spain and three in Italy. More than 300 searches took place in eight countries, including Austria and the Netherlands. Estimated VAT losses total at least €410 million.
Two suspected criminal syndicates allegedly traded phones and electronics through chains of companies. Some firms disappeared without paying VAT while others claimed refunds. Prosecutors say the groups shared companies and logistics and also laundered money for other networks. Authorities executed orders to secure up to €310 million.









































