A significant European operation has led to the arrest of 43 individuals and the seizure of €520 million in a crackdown on a major VAT fraud scheme linked to organized crime. The investigation, involving about 400 companies and around 200 suspects primarily in Italy and several other EU countries, centers on tax fraud in the IT and electronics sectors. Among those arrested, 34 are in custody, while others face house arrest or work restrictions. Authorities also uncovered counterfeit invoices totaling €1.3 billion from 2020 to 2023 and seized luxury properties in Italy.