From: El Pais (in English)
Tobacco smuggling in Gibraltar between 2010 and 2013 deprived finance ministries across the European Union of an estimated €700 million in tax revenue, according to a report by the EU’s anti-fraud office, OLAF, sent to the governments of Spain and the United Kingdom. The 400-page OLAF report names specific companies involved in cigarette and tobacco smuggling in the British Overseas Territory, as well as money laundering.
Spain’s High Court opened legal information proceedings into the issue on Wednesday, with a view to undertaking a full judicial investigation.
