EFKA Fraud Ring Busted: Over €2.1 Million in Losses

A criminal organization that committed fraud against EFKA (Unified Social Security Fund) through clothing companies has been dismantled by the Sub-Directorate for the Prosecution of Financial Crimes. The fraud caused losses exceeding €2.1 million to the state.

During a police operation on October 14, 2025, six members of the organization, aged 36 to 55, were arrested. According to the police, since at least 2014, the arrested individuals had created a network of nine clothing production companies.

The members of the organization allegedly used "straw men" to submit false employee insurance declarations, avoiding the payment of taxes and contributions. A 55-year-old accountant allegedly provided technical support to the ring. The illegal profits were "laundered" through real estate purchases and money transfers abroad.

During the searches, documents, cash (€15,655), bank checks (€19,800), gold sovereigns (37), a fake passport, mobile phones (12), and cars (5) were confiscated. Four properties and bank accounts of the ringleaders were frozen.