AADE Algorithm Uncovers €2.7 Million in Undeclared Shoe Sales

A risk-analysis algorithm helped Greek tax inspectors uncover a suspected customs and tax-evasion case involving more than €2.7 million in undeclared shoe sales.

Inspectors from the Special Customs and Audit Service of Greece’s Independent Authority for Public Revenue searched the offices and warehouses of a company engaged in wholesale trade in luggage, bags and similar goods. The business began operating in 2026.

Import, purchase, sales and inventory records showed that the company had imported more than 1.2 million pairs of shoes. It issued invoices for the sale of 230,000 pairs, while the remaining 970,000 pairs were allegedly sold without the required documents.

The concealed revenue exceeded €2.7 million, in addition to €648,000 in VAT. The taxes allegedly left unpaid exceeded €1 million. Authorities have already detained six containers belonging to the company at the Port of Piraeus.

The company’s alleged manager, a woman of Chinese origin, was also linked to another woman from China who had recently come to the attention of the same inspectors in a similar case.