The European Union's first ever Chief Prosecutor, Laura Codruța Kövesi, was in Estonia Monday and outlined the work the organization she heads, the European Public Prosecutor's Office (EPPO), noting that while the misuse of European Union grants is a major issue, the lion's share of the office's work involves detecting cross-border VAT fraud, which is rife and which encompasses virtually all 27 member states.
Three men, all residents of Haryana, have been arrested for allegedly committing VAT fraud and tax evasion by depositing huge cash in the fake accounts during demonetization. The accused deposited Rs 5.25 crores and made transactions worth crores by creating fake invoices of a fake firm.