#MAFIA

The fraud exploited the EU’s VAT-free cross-border trade, where businesses can buy goods tax-free in one EU country and resell them elsewhere. (Getty/Wiki Commons)

Italian mafia laundered cash through Prague firms in €520 million fraud, reports say

Italian mafiosi funneled fraudulent funds through Prague-based companies as part of a Europe-wide €520 million VAT scam, investigators have found.

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Italian mafiosi arrested in Poland over €35 million money laundering scheme

A suspected Italian mafiosi is facing 25 years in jail after being arrested in Poland on suspicion of money laundering.