Thursday October 23, 2014 Search
Weather | Athens
22o C
16o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
SDOE uncovers major retail chain VAT-dodging racket

The Financial Crimes Squad (SDOE) has uncovered a major tax evasion racket that started from a warehouse at Koropi, eastern Attica, and stretched to several countries including Spain and Hungary.

It involves a company called Orbicom, which has evaded payment of value-added tax to the tune of almost 70 million euros, for which the fines would total 1.3 billion euros. Among its clients are a number of electronics stores in Athens, while its suppliers are believed to be other firms headed by people from Belarus and Cyprus.

However, Orbicom, based in Kapandriti, northern Attica, is at the center of the case, according to a report by SDOE, which started its investigation in 2009. It appears to have two Greek shareholders as well as a Cypriot company as owners.

Firms including SPID, Winextrade, Xtreme Audio, Fidelta, Sycor, Rospalco, Propin and Ziltimex appear to have been issuing sale invoices to Orbicom. However, according to the drivers of the trucks that supposedly transported the electrical goods, those trips to and from the Kapandriti-based firm were never made. That set the ball rolling for SDOE. Some 53 firms are thought to be involved.

ekathimerini.com , Sunday September 30, 2012 (21:13)  
Arrivals show increase in January-June 2014 period
TBEX brings together 800 travel bloggers in Athens
Athens weighs its LNG and CNG options
Greece ranks among global leaders in tourism growth
Cyprus president to sit out EU summit due to high blood pressure
Cyprus President Nicos Anastasiades was admitted to a hospital in Brussels on Thursday morning following repeated nosebleeds caused by high blood pressure. He was discharged a few hours late...
Strong winds hamper sea travel
Winds reching 7 and 8 Beaufort led to disruptions in Saronic Gulf sea travel services from and to Piraeus, the Greek coast guard said on Thursday morning. Services were also disrupted on the...
Inside News
SOCCER
Robertos heroics make Kasamis goal count
Pajtim Kasamis goal and Robertos heroics in goal saw Olympiakos claim one of the biggest wins in its history on Wednesday downing Italian champion Juventus 1-0 to boost its chances of reac...
SOCCER
Third-division Iroditos punished heavily after fan death
Greek third division team Irodotos has been docked 15 points and ordered to play 10 matches behind closed doors following the death of an Ethnikos Piraeus supporter, the Hellenic Football Fe...
Inside Sports
COMMENTARY
Defusing a crisis
The crisis in Cyprus is escalating rapidly and defusing it is an extremely delicate and complicated procedure that will inevitably lead to losses for the weakest of the two sides. The course...
EDITORIAL
PM needs to step up
The public perception of the government is anything but good right now. The coalition is projecting an image of discord and constant disputes show that key ministers are unable to stay on th...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Arrivals show increase in January-June 2014 period
2. Cyprus president to sit out EU summit due to high blood pressure
3. Strong winds hamper sea travel
4. TBEX brings together 800 travel bloggers in Athens
5. Robertos heroics make Kasamis goal count
6. Athens weighs its LNG and CNG options
more news
Today
This Week
1. TBEX brings together 800 travel bloggers in Athens
2. Strong winds hamper sea travel
3. Cyprus president to sit out EU summit due to high blood pressure
4. Arrivals show increase in January-June 2014 period
5. At least 11 banks to fail European stress tests, three in Greece, report says
6. Cyprus to block Turkey's EU talks after EEZ violation
Today
This Week
1. Coalition shooting itself in the foot
2. Istanbul skyscraper casts shadow over Greece's banking ambitions
3. Greeces closed society is central to its current malaise
4. The past, present and future of the Greek debt crisis
5. Greece must stick to reforms, says Schaeuble
6. At least 11 banks to fail European stress tests, three in Greece, report says
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.