Tannus
EU crackdown: Calypso operation targets Chinese e-bike smuggling
LUXEMBOURG, Luxembourg - Chinese e-bikes have once again been implemented in a customs fraud case involving the evasion of duties when importing products into the EU market. Under the code-name Calypso, a complex scheme was exposed which led to raids across several EU member states. The total damage of the activities under investigation is estimated at approximately €700 million, although it is unclear how much of this is directly attributed to e-bike fraud.