Fourteen arrested in Elche for €10m fraud


National police arrested fourteen people, mostly in Elche for alleged involvement in a ten million euro fraud involving a network of false companies, manufactured invoices and fraudulent IVA (VAT) declarations. Nine of those arrested appeared in court to testify, many of whom are local businesspeople including two lawyers. The remaining five people were released and are waiting to appear in court.
Those leading the investigation claim that based on the documentation that was seized by inspectors of the Ministry of Finance, that the false invoices issued exceed ten million euro.
All of those appearing in court denied the charges. The investigation is being coordinated by the Economic and Fiscal Crime Unit and new arrests have not been ruled out.