Gardaí have infiltrated a cross-border gang that has raked in millions running a sophisticated VAT scam across the country.
According to a new report, investigators from the Garda National Economic Bureau arrested a man on suspicion of money laundering on Thursday.
The scam worked by the hoods — who operate all over the country — involved establishing companies that claimed to ship consumer goods to non-existing firms in the North.
The scammers then claimed the VAT on the goods from Revenue, costing €29million.
The probe was first launched by the Garda National Economic Crime Bureau in September 2016.
CAB and the Garda National Drugs and Organised Crime Bureau were also involved in the probe, backed by the PSNI, the UK’s National Crime Agency and HM’s Revenue and Customs.
