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Tax authority shuts down Europe's largest illegal cigarette factory

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Europe's largest illegal cigarette factory, located on the outskirts of Budapest, has been shut down and some 22 tons of tobacco and 2.3 million cigarettes were seized at the site, National Tax and Customs Authority (NAV) officials said at a press conference today.

Packaged under the Golden Mount brand name familiar in the U.K., the cigarettes had an estimated market value of HUF 2.5 bln abroad. NAV officials said that the illegal factory defrauded the Hungarian state of HUF 200 mln in taxes.

Nine Bulgarians, one Israeli and one Hungarian citizen were taken into custody as a result.

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