The AAADE has uncovered a complex tax evasion scheme involving a well-known Greek rapper with multi-platinum hits. The famous artist, who has won the hearts of thousands of young listeners, now faces serious charges for tax avoidance through a civil non-profit company.
Who is the famous rapper caught in AAADE’s net
This involves one of the most prominent rappers, with millions of streams on YouTube and Spotify, major hits and continuous presence on the charts. His name frequently appears on front pages, while the famous artist has occasionally occupied the media in the past due to his relationship with a former beauty queen.
AAADE’s digital audit revealed the rapper
The advanced information system of the Independent Authority for Public Revenue detected significant anomalies in the rapper’s tax records. A social media post about acquiring a luxury timepiece worth €116,000 caught the attention of audit authorities, as it didn’t align with his official income data. AAADE’s public figure monitoring algorithms recorded this luxury purchase, leading to an extensive tax investigation. The artist’s expensive lifestyle didn’t match his declared income.
The rapper’s charity company mechanism
According to investigation findings, the popular rapper had established a non-profit organization with charitable purposes. The record label deposited all revenue from royalties into the NGO, an amount exceeding one million euros.
Through this structure, the artist covered personal expenses without declaring them as income:
• Luxury vehicles and high-specification sports cars
• Expensive timepieces and jewelry from designer houses
• Clothing choices from famous designers
• Travel experiences and luxury services
Financial penalties and consequences for the rapper from AAADE
The Independent Authority for Public Revenue imposed retroactive taxes and fines exceeding €500,000 on the rapper. The investigation has extended to both the non-profit organization and his record company. Tax authorities are examining the possibility of a broader tax avoidance network in the music industry. The case may not be limited to an isolated incident but could be part of a systematic practice.
