European Public Prosecutor’s Office Initiates Financial Fraud Investigation in Slovakia: €2.65M in Potential Losses

Date: 11 November 2022

Overview

The European Public Prosecutor’s Office (EPPO) led a financial fraud investigation in Slovakia, resulting in raids and the seizure of electronic devices and accounting documents.

Raids and Seizure

• The Financial Administration Criminal Office of Slovakia executed two house searches and one search at a commercial site in Dunajská Streda and Komárno on 2 November 2022.
• During the searches, law enforcement personnel seized several mobile phones, laptops, tablets, memory cards, and documents.

Preliminary Findings

• An accountant, reportedly cooperating with others, arranged the importation of goods from China.
• Several payments for these imported goods, subject to customs duties, were allegedly made to bank accounts in China.
• The Financial Administration Criminal Office estimates that the non-payment of customs duties and additional import-related charges totals around €2.65 million.

Impact and EPPO’s Role

• The European Public Prosecutor’s Office is taking the lead on this complex investigation.
• This investigation underscores the commitment of the EPPO to combat financial fraud across EU member states.
• Presumption of innocence for those involved.

Significant Developments

The European Public Prosecutor’s Office will continue to keep the public updated on any significant developments.