{"id":17904,"date":"2026-07-20T19:49:50","date_gmt":"2026-07-20T19:49:50","guid":{"rendered":"https:\/\/in-greece.com\/index.php\/2026\/07\/20\/major-e17-million-tax-evasion-ring-uncovered-in-greece-greek-city-times\/"},"modified":"2026-07-20T19:49:50","modified_gmt":"2026-07-20T19:49:50","slug":"major-e17-million-tax-evasion-ring-uncovered-in-greece-greek-city-times","status":"publish","type":"post","link":"https:\/\/in-greece.com\/index.php\/2026\/07\/20\/major-e17-million-tax-evasion-ring-uncovered-in-greece-greek-city-times\/","title":{"rendered":"Major \u20ac17 Million Tax Evasion Ring Uncovered in Greece \u2013 Greek City Times"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div data-first=\"G\">\n<h3 id=\"h-greece-s-independent-authority-for-public-revenue-aade-has-dismantled-a-large-scale-tax-evasion-network-that-used-fake-invoices-and-rapidly-dissolving-companies-to-defraud-the-state-of-millions-of-euros\" class=\"wp-block-heading\">Greece\u2019s Independent Authority for Public Revenue (AADE) has dismantled a large-scale tax evasion network that used fake invoices and rapidly dissolving companies to defraud the state of millions of euros.<\/h3>\n<p class=\"wp-block-paragraph\">The Special Unit for Audits and Investigations (DEOS) uncovered <strong>\u20ac9.6 million<\/strong> in VAT evasion and <strong>\u20ac8.3 million<\/strong> in income tax evasion, for a total of nearly <strong>\u20ac17 million<\/strong>.<\/p>\n<h3 id=\"h-key-details-of-the-case\" class=\"wp-block-heading\">Key Details of the Case<\/h3>\n<ul class=\"wp-block-list\">\n<li><strong>Three individuals<\/strong> have been arrested so far, including a foreign woman who declared herself homeless while living in a <strong>280 sq m luxury villa with a swimming pool<\/strong> in the northern suburbs of Athens. She is believed to be the owner and manager of one of the main companies in the network.<\/li>\n<li>Over <strong>32,000 counterfeit products<\/strong> have been confiscated.<\/li>\n<li>Authorities have initiated procedures to freeze bank accounts and other assets linked to the scheme.<\/li>\n<\/ul>\n<h3 id=\"h-how-the-network-operated\" class=\"wp-block-heading\">How the Network Operated<\/h3>\n<p class=\"wp-block-paragraph\">The investigation revealed a sophisticated web of interconnected companies \u2014 mainly involved in wholesale clothing, footwear, and related goods \u2014 that shared:<\/p>\n<ul class=\"wp-block-list\">\n<li>The same individuals as managers or partners<\/li>\n<li>Common business premises and telephone numbers<\/li>\n<li>Shared registered addresses<\/li>\n<li>Repeated patterns of creating new companies after previous ones shut down or went bankrupt<\/li>\n<\/ul>\n<p class=\"wp-block-paragraph\">Many of these entities were used exclusively for issuing or receiving fake invoices with extremely high values. Indicative fictitious transactions included:<\/p>\n<ul class=\"wp-block-list\">\n<li>\u20ac25 million (sole proprietorship)<\/li>\n<li>\u20ac15 million (online shop)<\/li>\n<li>\u20ac28 million (sole proprietorship)<\/li>\n<li>\u20ac40+ million linked to foreign \u201cmissing traders\u201d<\/li>\n<\/ul>\n<p class=\"wp-block-paragraph\">The network extensively used intra-community transactions with the same foreign companies, often reusing identical stamps and company details.<\/p>\n<figure class=\"wp-block-image size-large\"><picture><source srcset=\"https:\/\/greekcitytimes.com\/wp-content\/uploads\/2026\/07\/170854-1024x1024.webp 1024w,https:\/\/greekcitytimes.com\/wp-content\/uploads\/2026\/07\/170854-300x300.webp 300w,https:\/\/greekcitytimes.com\/wp-content\/uploads\/2026\/07\/170854-150x150.webp 150w,https:\/\/greekcitytimes.com\/wp-content\/uploads\/2026\/07\/170854-768x768.webp 768w,https:\/\/greekcitytimes.com\/wp-content\/uploads\/2026\/07\/170854-180x180.webp 180w, https:\/\/greekcitytimes.com\/wp-content\/uploads\/2026\/07\/170854-90x90.jpg 90w,https:\/\/greekcitytimes.com\/wp-content\/uploads\/2026\/07\/170854-450x450.webp 450w,https:\/\/greekcitytimes.com\/wp-content\/uploads\/2026\/07\/170854-270x270.webp 270w, https:\/\/greekcitytimes.com\/wp-content\/uploads\/2026\/07\/170854-20x20.jpg 20w,https:\/\/greekcitytimes.com\/wp-content\/uploads\/2026\/07\/170854-225x225.webp 225w,https:\/\/greekcitytimes.com\/wp-content\/uploads\/2026\/07\/170854-900x900.webp 900w,https:\/\/greekcitytimes.com\/wp-content\/uploads\/2026\/07\/170854.webp 1200w,https:\/\/greekcitytimes.com\/wp-content\/uploads\/2026\/07\/170854-1350x1350.webp 1350w, https:\/\/greekcitytimes.com\/wp-content\/uploads\/2026\/07\/170854-96x96.jpg 96w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" type=\"image\/webp\"><img loading=\"lazy\" src=\"https:\/\/greekcitytimes.com\/wp-content\/uploads\/2026\/07\/170854-1024x1024.jpg\" height=\"1024\" width=\"1024\" srcset=\"https:\/\/greekcitytimes.com\/wp-content\/uploads\/2026\/07\/170854-1024x1024.jpg 1024w, https:\/\/greekcitytimes.com\/wp-content\/uploads\/2026\/07\/170854-300x300.jpg 300w, https:\/\/greekcitytimes.com\/wp-content\/uploads\/2026\/07\/170854-150x150.jpg 150w, https:\/\/greekcitytimes.com\/wp-content\/uploads\/2026\/07\/170854-768x768.jpg 768w, https:\/\/greekcitytimes.com\/wp-content\/uploads\/2026\/07\/170854-180x180.jpg 180w, https:\/\/greekcitytimes.com\/wp-content\/uploads\/2026\/07\/170854-90x90.jpg 90w, https:\/\/greekcitytimes.com\/wp-content\/uploads\/2026\/07\/170854-450x450.jpg 450w, https:\/\/greekcitytimes.com\/wp-content\/uploads\/2026\/07\/170854-270x270.jpg 270w, https:\/\/greekcitytimes.com\/wp-content\/uploads\/2026\/07\/170854-20x20.jpg 20w, https:\/\/greekcitytimes.com\/wp-content\/uploads\/2026\/07\/170854-225x225.jpg 225w, https:\/\/greekcitytimes.com\/wp-content\/uploads\/2026\/07\/170854-900x900.jpg 900w, https:\/\/greekcitytimes.com\/wp-content\/uploads\/2026\/07\/170854.jpg 1200w, https:\/\/greekcitytimes.com\/wp-content\/uploads\/2026\/07\/170854-1350x1350.jpg 1350w, https:\/\/greekcitytimes.com\/wp-content\/uploads\/2026\/07\/170854-96x96.jpg 96w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" class=\"wp-image-593487 sp-no-webp\" alt=\"Greece tax evasion\" decoding=\"async\"\/> <\/source><\/picture><\/figure>\n<p class=\"wp-block-paragraph\">The probe was based on cross-checking data from on-site inspections, AADE\u2019s myDATA platform, business registries, and ownership records.<\/p>\n<p class=\"wp-block-paragraph\">The investigation remains ongoing.<\/p>\n<footer class=\"article-tags entry-footer\">\n<div>\n\t\t<strong>Tags:<\/strong><br \/>\n\t\tAADE, Athens luxury villa, counterfeit products, DEOS, fake invoices, financial crime Greece, Greece economy, Independent Authority for Public Revenue, tax evasion Greece, Tax Fraud, tax investigation, VAT evasion\t<\/div>\n<\/footer><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/greekcitytimes.com\/2026\/07\/21\/greece-tax-evasion-ring-17-million\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Greece\u2019s Independent Authority for Public Revenue (AADE) has dismantled a large-scale tax evasion network that used fake invoices and rapidly dissolving companies to defraud the state of millions of euros. The Special Unit for Audits and Investigations (DEOS) uncovered \u20ac9.6 million in VAT evasion and \u20ac8.3 million in income tax evasion, for a total of &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Major \u20ac17 Million Tax Evasion Ring Uncovered in Greece \u2013 Greek City Times\" class=\"read-more button\" href=\"https:\/\/in-greece.com\/index.php\/2026\/07\/20\/major-e17-million-tax-evasion-ring-uncovered-in-greece-greek-city-times\/#more-17904\" aria-label=\"Read more about Major \u20ac17 Million Tax Evasion Ring Uncovered in Greece \u2013 Greek City Times\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":17905,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"fifu_image_url":"https:\/\/greekcitytimes.com\/wp-content\/uploads\/2026\/07\/xrwma-aade-1.jpg-1-300x168-1_upscale_upscale.jpg","fifu_image_alt":"","footnotes":""},"categories":[2],"tags":[],"class_list":["post-17904","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","no-featured-image-padding"],"_links":{"self":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/posts\/17904","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/comments?post=17904"}],"version-history":[{"count":0,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/posts\/17904\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/media\/17905"}],"wp:attachment":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/media?parent=17904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/categories?post=17904"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/tags?post=17904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}