Police bust luxury car import scam that evaded Spanish Tax Office of €17 million in VAT

SPAIN’S Policia Nacional has uncovered a luxury car import scam that defrauded the country’s Tax Office of more than €17 million.

30 people, including the gang leader in Germany, were arrested.

Luxury cars were brought in from Germany through a network of specially created companies to avoid paying VAT to the Spanish Tax Office.

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The violin also allowed instruments to be sold below market value.

Searches were made in 15 houses in Spain and two in Germany.

The investigation revealed that profits were funneled into the purchase of high-end cars and properties worth over €11 million.

During the searches, 307 thousand 860 euros in cash, a lot of jewelry and luxury watches were seized.

Bank accounts in Spain, Germany, Portugal and Lithuania were blocked because they were used for money laundering and tax evasion.

Policia Nacional said that the gang leader in Germany was responsible for the supply of luxury cars to various vehicle buying and selling companies in Spain.

He used forged documents to evade justice but is now awaiting extradition to Spain.

The cars were sent to the Valencia and Murcia regions, as well as the Cordoba and Costa del Sol regions in Andalusia.

Part of the gang created the entire business network necessary for tax fraud and money laundering activities.

The organization even provided ‘special protection’ to individuals who agreed to have their names used as executives and managers of various companies used in the conspiracy, in exchange for staying in safe houses.