World
European prosecutors bust €2.2 billion VAT fraud scheme
The European Public Prosecutor’s Workplace (EPPO) introduced on Tuesday that it uncovered the largest cross-border VAT fraud scheme ever investigated within the EU price an estimated €2.2 billion.
The investigation began in April 2021 in Portugal the place authorities had been probing an organization promoting cellphones, tablets, earphones and different digital gadgets, on suspicion of VAT fraud.
As required of them, Portuguese authorities reported the case to the EPPO after its launch in June 2021 regardless of the preliminary probe discovering every thing so as.
However further digging by European prosecutors, monetary fraud analysts, Europol and nationwide legislation enforcement authorities quickly established connections between the Portuguese firms and near 9,000 different authorized entities, and greater than 600 pure individuals.
These had been situated in most EU international locations in addition to Albania, China, Mauritius, Serbia, Singapore, Switzerland, Turkey, the United Arab Emirates, the UK and the US.
Searches had been carried out in six EU member states in mid-October with a further 200 searches executed in 14 different EU international locations on Tuesday.
“All the information collected is being analysed, and the investigation into the organised crime teams behind this scheme is continuous,” the EPPO mentioned in an announcement.
“The estimated damages investigated beneath Operation Admiral at present quantity to €2.2 billion. Measures to recuperate the damages have been taken,” it added.
In keeping with the EU company, the case is attention-worthy not only for its sheer scale but in addition due to the “extraordinary complexity of the chain of firms” concerned.
“These actions wouldn’t be potential with out the involvement of a number of extremely expert organised crime teams, every of which has particular roles within the general scheme. Working transnationally, virtually with an industrial logic, they’ve been avoiding detection for years,” the prosecutor’s workplace mentioned.
Such fraud is probably the most worthwhile crime within the bloc and is estimated to value EU states €50 billion yearly in tax losses.
“Operation Admiral is a transparent demonstration of the benefits of a transnational prosecution workplace,” mentioned European Chief Prosecutor Laura Kövesi.
“With regards to VAT fraud, from a nationwide perspective, the damages could be assessed as comparatively small or non-existent, and even stay undetected. You want a helicopter view, to see the entire image,” she added.
World
Top IKEA retailer warns tariffs could drive up consumer prices
World
Israeli president calls Trump a 'true friend' on Inauguration Day, praises his work to release hostages
Israeli President Isaac Herzog is praising Donald Trump on Inauguration Day, calling him a “true friend” of the country and thanking him for his efforts to secure the release of hostages from Hamas.
“On behalf of the people of Israel, I send my heartfelt congratulations to you, President Donald Trump on your inauguration as the 47th POTUS,” Herzog wrote on X.
“You are a true friend of Israel. Thank you for your unwavering commitment to Israel’s security and to building a better future for our region. A special thank you for your commitment to bringing all our hostages home,” he continued.
“We wish you and your administration great success in your service to the American people. Good luck!” Herzog added.
FREED ISRAELI HOSTAGE SPEAKS OUT FOR FIRST TIME
The comments come a day after Hamas released to Israel three hostages it has been holding in captivity for nearly 500 days, as part of a cease-fire and hostage release agreement.
In exchange, Israel released 90 Palestinian prisoners in the West Bank.
“Let’s face it, the fact that President Trump had a clear message, ‘By my inauguration, I want to see hostages coming out, or else there will be hell to pay,’ made a huge impact in the Middle East, and we are hopeful that with his leadership, we’re going to see all 98 hostages coming out starting today with the three female hostages,” Ronen Neutra, whose son Omer was killed by Hamas terrorists, told Fox News on Sunday.
ISRAEL RELEASES 90 PALESTINIAN PRISONERS AS PART OF CEASE-FIRE DEAL TO FREE HOSTAGES
Trump said last week, “This EPIC cease-fire agreement could have only happened as a result of our Historic Victory in November, as it signaled to the entire World that my Administration would seek Peace and negotiate deals to ensure the safety of all Americans, and our Allies.
“I am thrilled American and Israeli hostages will be returning home to be reunited with their families and loved ones,” he had written on Truth Social.
Fox News’ Taylor Penley contributed to this report.
World
Death toll in Gaza soars after truce as dozens of bodies found in rubble
Palestinians have recovered dozens of bodies buried under rubble in Gaza and are searching for thousands more as the ceasefire between Israel and Hamas continues to hold for a second day.
Medical sources told Al Jazeera on Monday that the bodies of 97 Palestinians have been recovered in the destroyed city of Rafah in southern Gaza since the ceasefire took effect the previous day with the release of the first three captives held by Hamas and 90 Palestinians from Israeli jails.
Israeli attacks on Gaza killed more than 47,000 Palestinians, mostly women and children, and wounded more than 111,000, according to local health authorities.
But the Palestinian Civil Defence agency said it estimated there are 10,000 bodies under destroyed structures across the strip.
At least 2,840 bodies were melted and there are no traces of them, said Mahmoud Basal, spokesperson of the Palestinian Civil Emergency Services in Gaza.
Meanwhile, many displaced residents returning to their neighbourhoods found them almost unrecognisable due to the devastation from more than 15 months of war.
“[The level of destruction] was a big shock, and the amount [of people] feeling shocked is countless because of what happened to their homes. It’s destruction, total destruction,” Mohamed Gomaa, who lost his brother and nephew in the war, told the Reuters news agency.
“It’s not like an earthquake or a flood, no no. What happened is a war of extermination.”
Meanwhile, more than 630 aid trucks entered the Gaza Strip on Sunday, United Nations Secretary-General Antonio Guterres told the Security Council on Monday, with at least 300 of those trucks going to the enclave’s north, where the UN said famine looms.
With a growing flow of aid into the Palestinian enclave, residents flocked into markets with some expressing happiness at the lower prices and the presence of new food items like imported chocolates.
“The prices have gone down, the war is over and the crossing is open to more goods,” Aya Mohammad-Zaki, a displaced woman from Gaza City sheltering in Deir el-Balah in central Gaza, told Reuters.
Attention is also starting to shift to the rebuilding of the coastal enclave, which the Israeli military demolished in retaliation for Hamas-led attacks on Israel on October 7, 2023.
Those assaults killed 1,139 people with about 250 taken captive into Gaza, according to Israeli tallies.
A UN damage assessment released this month showed that clearing more than 50 million tonnes of rubble left in the aftermath of Israel’s bombardment could take 21 years and cost up to $1.2bn.
A UN report from last year said rebuilding Gaza’s shattered homes could take at least until 2040 but could drag on for many decades. The debris is believed to be contaminated with asbestos because some refugee camps struck during the war are known to have been built with the material.
A UN Development Programme official said on Sunday that development in Gaza has been set back by 69 years as a result of the conflict.
Isolated incidents as ceasefire largely holds
Residents and officials in Gaza said on Monday that, for the most part, the ceasefire appeared to be holding – although there were incidents of violence.
Two Palestinian civilians, one of them a teenage boy, were killed by Israeli snipers in Rafah, according to the Palestinian news agency Wafa.
Eight Palestinians, including children, were also injured on Monday as a result of Israeli gunfire in Rafah.
The Israeli military said it fired warning shots towards people who approached soldiers deployed according to the ceasefire agreement.
Meanwhile, Mohamad Elmasry, a media studies professor at the Doha Institute for Graduate Studies, said Israeli media are now increasingly focusing on Israeli Prime Minister Benjamin Netanyahu’s handling of the war on Gaza.
“They’re calling this a spectacular failure,” he told Al Jazeera, stressing that Netanyahu failed to fulfil his promise to eliminate Hamas.
“And now he has to watch on all the TV screens Hamas fighters dressed in their fatigues escorting Israeli captives to their vehicles,” the academic added.
“He’s watching as Hamas will continue to govern Gaza and oversee the security situation, the humanitarian aid situation and all elements of this ceasefire. Hamas has not been eliminated, and this is very embarrassing for Netanyahu.”
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