Nov 30 2024
Police in Bosnia and Herzegovina, Croatia, and Serbia arrested 11 people. They are suspected of smuggling more than half a tonne of cocaine from South America into the European Union. In March 2021, authorities seized cocaine concealed in the modified floor of a cargo container at the Croatian port of Ploče. The shipment’s street value …
Nov 30 2024
The operation, codenamed Admiral 2.0, mobilized over 600 law enforcement officers in raids across 16 countries. Preliminary estimates point to an additional €297 million ($313.93 million) in VAT losses linked to the previously discovered scheme. The fraudulent network, primarily based in the Baltics, mirrored techniques exposed in the original operation, launched in 2022. That operation …
Feb 11 2024
The European Public Prosecutor’s Office (EPPO)on Friday for the arrest of Šarūnas Stepukonis in Lithuania. He is suspected of misappropriating 27 million euros (US$29 million) from BeltCap, the leading Baltic private equity firm where he held a partnership. The EPPO is in charge of investigations involving European Union funds. The BaltCap Infrastructure Fund, an 80 …
Oct 05 2023
Italian Financial police say they have targeted a criminal syndicate whose members were stealing millions of euros. Officers targeted 75 individuals, conducted 16 searches in several regions of Italy, seizing items relevant to the two-years-long probe. Investigators believe that a criminal group with ties to the Mafia is misusing national and EU public funds. The …