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In a significant crackdown on fraud linked to the European Union's post-pandemic recovery fund, Italian police have arrested 22 individuals and seized assets worth over 600 million euros ($652 million). The operation, which spanned Italy, Austria, Romania, and Slovakia, targeted a massive fraud scheme involving the misuse of funds intended for COVID-19 recovery efforts. Among the seized assets were luxury cars such as Lamborghinis, high-end watches including Rolexes, and real estate including villas. The arrests and seizures underscore the extensive measures being taken to combat financial crimes exploiting the EU's recovery initiatives.
Covid Con: Luxury Cars, Watches Seized In $650MN Bust Lamborghinis, Porsches, Rolex watches, Cartier jewellery, crypto, and luxury villas were just some of the items confiscated by Italian financial cops after raids in connection with alleged fraud linked to the EU’s pandemic… https://t.co/ACerfiH7zR
Watches, cars and villas seized in cross-border fraud raids https://t.co/6oU8mqVTDc
⚠️ TWO ARRESTED IN SPAIN MONEY LAUNDERING PROBE LINKED TO VENEZUELAN GOVERNMENT Full Story → https://t.co/sk4Ji9mMeV Spanish police have arrested two people and raided several homes in Madrid as part of an investigation into suspected money laundering linked to the Venezuelan…
