The Independent Authority for Public Revenue in Greece has released new footage detailing its recent operation against a criminal organization that allegedly embezzled 43 million euros through a network of over 200 'strawmen'. This operation resulted in the arrests of 11 individuals and the discovery of cash hidden in a fast-food restaurant. Simultaneously, searches were conducted at 11 residences tied to the suspects, aiming to dismantle the complex web of fraudulent businesses that exploited the tax and social security system.

According to the Independent Authority, the criminal organization operated through 380 front companies, which used fraudulent details to illegally claim VAT and social security contributions. The investigation revealed identification documents for 205 individuals, primarily foreigners, who were posed as responsible agents for these illicit businesses. Notably, many of these businesses were linked to a well-known fast-food chain, raising concerns about the integrity of popular brands in Greece.

The implications of this investigation are significant for economic governance and public trust in financial institutions. The ongoing efforts to dismantle such networks indicate a proactive stance by governmental agencies in combating tax evasion and fraud. This case serves as a stark reminder of the vulnerabilities in regulatory systems and the necessity for continued vigilance in ensuring compliance across all sectors, particularly in light of the substantial financial losses incurred by the state in recent years.