The Special Inspections Service (YPEE) has smashed another gang that issued bogus invoices. The Athens section of the squad discovered that the gang set up fake companies and then issued bogus tax data with which the companies pocketed value-added tax. Some of the gang members were also involved in other unlawful activities such as the illegal trade of gold, silver and other precious metals. The gang reportedly numbered around 30 people who set up fake companies in Cyprus and issued bogus invoices. The total value of the invoices issued is as high as -2,288,470 for 2003 and 2004 alone. Investigations so far have shown that a company with products for medical use was the recipient of the invoices. In the next few days YPEE will investigate this company to establish whether it also supplied state hospitals with consumable medical products. In recent months YPEE has broken up several gangs that had issued bogus invoices and spread them across the Greek market. A few days ago a major case involving bogus invoices worth hundreds of millions of euros came to light in central Greece. Dozens of truck owners are visiting tax offices and police stations in the region as they had been given bogus invoices for the purchase of spare parts. The gang had operated for the last two years using fake companies based in Athens and the Peloponnese, according to YPEE investigators.