Economy
Operation 'Hermes': 11 of those arrested for mega-VAT fraud placed in preventive detention, the rest released
Out of 63 people arrested in a major VAT fraud investigation, 11 have been ordered to remain in preventive detention, while the others have been released. The operation involved 40 arrests in Portugal, with the remainder taking place in Spain and Italy.
Why it mattersThis is a major judicial action targeting a systemic fraud scheme; while this specific case is an enforcement event, the scale of the VAT fraud investigation may eventually lead to stricter oversight or changes to tax compliance procedures that could affect business operations.
Correio da Manhã
