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Seizure of counterfeit cigarettes near Athens




By Nikos PRENTOULIS - Date : 2010-04-28 - Country : GRECE - Subject : Economics - IP Field : Industrial Property


YPEE, a unit of the Greek Ministry of Finance, charged with the investigation of fiscal crimes, announced that it seized more than 100.000 packs of counterfeit cigarettes, after raiding a warehouse at the suburbs of Athens. YPEE estimates that the group running the illegal operation have sold approximately 3 million packs of counterfeit cigarettes in the last 16 months, which accounts for roughly 9 million euros in lost state re venue form taxes and tariffs. No arrests were made, there was noone found in warehouse, at the time of the raid. The criminal investigation is on-going and YPEE say they are set to bringing in those responsible for the import and sale of the counterfeits. It should be noted [...]

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