Greek electronics trade investigated over €46.9 million VAT fraud
Searches in Attica and Kastoria resulted in seized records, cash and cars. Investigators are targeting an international small-electronics network.
On 14 July 2026 European prosecutors announced searches of companies and homes over suspected VAT carousel fraud. Companies in Greece, Bulgaria, Cyprus and Czechia allegedly traded electronics through businesses that failed to pay VAT between 2021 and 2025. Estimated losses reach at least €46.9 million.
Investigators seized €99,000 and three luxury cars. They froze about €900,000 in cryptocurrency, other digital assets worth about €4.5 million and 88 properties. A further €24.2 million in potentially unpaid or incorrectly declared VAT is being examined. The investigation into the network and money laundering continues.









































