Major VAT Fraud Probe: UniCredit's German Unit Raided in €200 Million Scandal

In a striking development within the financial sector, authorities in Germany have conducted a raid on the German branch of UniCredit as part of an extensive investigation into a staggering €200 million ($210 million) VAT fraud case. This operation underscores the ongoing battle against tax fraud in the European Union, which has seen increased scrutiny and enforcement actions in recent years.

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