A suspected fraud scheme targeting the Greek state, involving around €40 million in losses, has been uncovered by the Anti-Money Laundering Authority, which placed 46 individuals and a network of 152 companies under investigation.
The probe, launched on the authority’s orders, has focused on an alleged ring that used fake transactions, shell companies and figureheads to obtain tax refunds illegally.
According to the findings, the alleged activity took place in 2023 and 2024. Tax refunds totaling around €40 million had been approved, with approximately €16 million already paid out.
The authority intervened to prevent further losses, issuing a seizure order that halted the release of additional funds.
Investigators also found serious indications of organized criminal activity, with accountants and tax advisers allegedly playing an active role. Those involved are suspected of offenses including fraud against the state, tax evasion and money laundering.
