In a widespread police operation involving 131 search warrants, over €4 million in ill-gotten gains has been traced to bank accounts operated by dodgy dealers from 'Gold Shops' in Portugal.
In two weeks, three gangs have been pounced on, each involved in a swindle that would have cost the state upwards of €60 million in lost VAT.
On Tuesday nine people in two gangs were arrested in various parts of the country in an operation involving more than 300 investigators, policemen and tax inspectors.