Chinese Mafia Ramps Up Billion-Euro Crime, EU Prosecutor Says
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Chinese organized crime syndicates are defrauding the European Union out of billions of euros in tax and customs revenue through sophisticated networks of fake companies that exploit regulatory blind spots, according to the EU’s chief public prosecutor.
“We see a lot of Chinese mafia activity,” Laura Kovesi said in an interview with Bloomberg, describing the groups as “very agile, flexible and highly organized.” According to a recent report by the European Public Prosecutor’s Office, tax and customs fraud has cost the EU an estimated €13 billion ($14.1 billion).