Résumé:
Four men have been convicted for orchestrating a carousel-type VAT fraud scheme in Monaco resulting in a 107 million euro loss to the Principality State.
Histoire complète :
Four men have been convicted for orchestrating a 107 million euro VAT fraud scheme in Monaco, resulting in a significant loss for the Principality State. The scheme involved the defendants using Monegasque companies to facilitate fraudulent transactions. Following a 15-year investigation, the Monegasque justice system found the defendants guilty. The trial lasted two days in February. The fraudulent scheme is an example of carousel-type VAT fraud.
Source:
news.mc
