On 24th May, Eurojust issued a news release saying that the national authorities of Belgium, Spain and Germany initiated investigations into an organised crime group involved in a large-scale VAT fraud case that targeted numerous individuals and companies in Belgium, Bulgaria, Germany, Spain, Italy, Hungary, Portugal and Romania. This case, a so-called VAT carousel fraud case, began several years ago with an investigation in Spain. The criminals created a network of computer and electronics companies throughout Europe to divert the illicit profit yielded in Spain. They managed to avoid VAT payments in Spain and yet receive VAT reimbursements through the companies set up in other Member States by simulating their business operations. One company under investigation was estimated to have defrauded more than EUR 17 million over a 2-year period.