German law enforcement authorities, at the request of the European Public Prosecutor’s Office (EPPO), conducted several searches this morning, 12 May 2022, in an investigation into missing trader VAT fraud with estimated tax loss damages of more than €40 million.

An order to seize assets worth more than €8.5 million from seven companies in the China Wholesale Center of Padua, a distribution hub of goods of East Asian origin, has been executed by the Italian Financial Police (Guardia di Finanza) in an investigation led by the European Public Prosecutor’s Office (EPPO).