Hellenic Police dismantle massive tax evasion scheme linked to Choriatiko bakery chain

On October 25, 2026, the Hellenic Police and the Organized Crime Prosecution Division (DAOE) launched a major operation targeting a multi-million euro tax evasion scheme involving the 'Choriatiko' bakery chain. Authorities arrested the owner of the chain, Angelos Giannakopoulos, and an accountant described as a key figure in the organization. While initial reports highlighted the arrest of these two individuals upon the businessman's return from Dubai, further updates indicate a significantly larger investigation involving approximately 50 arrests and a network of 520 companies. The fraud is estimated at 100 million euros.

The investigation focuses on a complex web of corporate structures, with sources suggesting as many as 150 related entities are under scrutiny. The businesses allegedly utilized sophisticated practices to conceal revenue and avoid state tax obligations, with operations spanning across the Attica region and popular tourist destinations like Mykonos and Rhodes. Police are continuing to examine financial records to determine the full extent of the fraudulent network.

Authorities anticipate that additional arrests will follow as the inquiry deepens. The suspects currently face serious criminal charges for their alleged roles in the systematic evasion of taxes. The operation represents a major effort by the 'Greek FBI' to dismantle organized financial crime within the domestic retail sector.