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Massive EU Raids Target €103M Tax Fraud Network

3/4/2026

Summary

Story summary

On March 4, 2026, investigators conducted about 150 raids across Germany and eight other European countries.
The European Public Prosecutors' Office (EPPO) estimates tax losses at €103 million (about $120 million).
Authorities seized assets totaling over €13.5 million, including luxury cars and artworks.
The operation involved 1,100 investigators and led to nine detentions of car dealers in Berlin and Iselohn tied to VAT carousel fraud with shell companies.

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Story summary

On March 4, 2026, investigators conducted about 150 raids across Germany and eight other European countries.
The European Public Prosecutors' Office (EPPO) estimates tax losses at €103 million (about $120 million).
Authorities seized assets totaling over €13.5 million, including luxury cars and artworks.
The operation involved 1,100 investigators and led to nine detentions of car dealers in Berlin and Iselohn tied to VAT carousel fraud with shell companies.