Greek authorities uncover 40 million euro tax fraud scheme

The Greek Anti-Money Laundering Authority has identified a sophisticated financial fraud scheme that resulted in approximately 40 million euros of losses for the state. The investigation, which covers the period between 2023 and 2024, points to the involvement of 46 individuals and 152 companies allegedly operating as a criminal organization to secure illegal tax refunds.

According to the official report, the suspects utilized ghost companies and straw men to facilitate fictitious transactions. Accountants and tax advisors are also believed to have played an active role in coordinating these illegal activities. The findings indicate a highly organized effort to systematically defraud public funds, with the authority assessing various evidence to confirm the scale of the operation.

The case has now been officially referred to the public prosecutor for further legal action. Authorities are currently continuing their scrutiny of the involved entities to determine the full extent of the embezzlement and to initiate procedures for the recovery of the stolen state funds.