EPPO Targets €410 Million VAT Fraud Scheme Across Eight Countries
In early October 2026, the European Public Prosecutor’s Office (EPPO) carried out a major cross-border operation targeting suspected criminal organisations allegedly involved in a €410 million VAT carousel fraud scheme involving mobile phones and electronic devices. The operation, known as Hermes, resulted in 62 suspects being detained and more than 300 searches being conducted across eight European countries.
