The Independent Authority for Public Revenue (AADE) in Greece released footage and details from an operation which took place yesterday aimed at dismantling a criminal network. This network exploited over 200 individuals, referred to as 'strawmen,' to facilitate tax fraud through 380 front companies. During the operation, authorities arrested 11 members and discovered significant amounts of cash hidden in a fast-food restaurant, among other locations.

The authorities carried out raids not only at the restaurant but simultaneously targeted a total of 11 residences across different locations. This multifaceted operation was a part of an extensive investigation into the fraudulent activities that had resulted in fraudulent gains from VAT and social security contributions amounting to 43 million euros. The evidence gathered during these raids included documents and identification papers for 205 individuals who appeared as the apparent heads of these companies, primarily foreign nationals.

This development highlights the ongoing efforts by Greek authorities to combat tax evasion and organized crime, especially in a time when financial integrity is crucial for the country. The findings could lead to further legal actions against those involved in this type of organized financial misconduct and may prompt a reevaluation of regulations surrounding business ownership and management to prevent similar schemes in the future.