Germany Busts Major Tax Evasion Ring in Krefeld
Authorities in Germany have launched a major operation targeting a suspected gang accused of widespread tax evasion, fraud, and illegal employment practices. Over 350 officials executed search warrants across the country, focusing on the city of Krefeld, and have so far secured evidence of damages in the millions.
The investigation, involving ten suspects aged 27 to 57, predominantly men with Bulgarian and Turkish citizenship, alleges that the gang operated a network of shell companies. These companies employed over 300 workers nationwide through sham contracts to avoid paying social security contributions and taxes. The suspects are accused of band-like evasion and misappropriation of social security contributions, tax evasion, commercial fraud, and aiding and abetting these offenses.
During the raids, over 57,000 untaxed cigarettes were seized. The evidence found is being evaluated to further clarify the charges. The Krefeld Main Customs Office coordinated and executed the criminal procedural measures, with the police and the public prosecutor's office playing significant roles in the investigation.
The ongoing investigations by the Public Prosecutor's Office and the North Rhine-Westphalia State Office for the Fight against Financial Crime aim to bring the suspects to justice. The suspected illegal work ring in Krefeld, which allegedly evades thousands in taxes and social security contributions, has been disrupted, and further details are expected to emerge as the evidence is evaluated.
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