Bangladesh, Nov. 26 -- In a major development highlighting the European Unions growing resolve against large-scale financial crime, the European Public Prosecutors Office (EPPO) announced on November 25 that it has uncovered the first multimillion-euro VAT fraud in Croatia. The sophisticated operation, involving 78 million euros (approximately $90.27 million) in unpaid tax, underscores the scale of cross-border tax evasion schemes within the EU and the importance of international coordination in combating them.

The investigation targeted a criminal network involved in trading electronics and hygiene products. The EPPO, in close cooperation with Croatian tax authorities, local police, and Italys Guardia di Finanza, executed a comprehensiv...