It may be a bottomless pit, but we are going down into it.
» Frédéric Baab, the French European prosecutor, faithfully defends the results of the first European judicial entity, set up in 2021 between 22 countries of the Union to hunt down fraud “
in the financial interests of Europe
”.
In other words, subsidy scams, but also VAT scams, the favorite sport of European financial delinquency.
“
Before the creation of the European Public Prosecutor's Office, VAT fraud, with its immense carousels deployed throughout Europe, amounted to around fifty billion.
Today, after three years of existence, it represents 17% of ongoing cases, but 59% of the total estimated financial damage.”
In this matter, therefore, the damage caused is inversely proportional to the number of cases, which says a lot about the scope of each case.
“
We are still far from 50 billion, but we have confirmation that this is a major area of struggle
,” underlines Frédéric…
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