Luxury cars and villas seized in investigation into fraud with European funds for the Italian recovery plan. The targeted organization is suspected of having orchestrated, between 2021 and 2023, a fraud worth 600 million euros.
Some would have tried to take advantage of the Covid crisis to illegally fill their bank accounts. The suspects allegedly applied to receive subsidies to support the digitalization, innovation and competitiveness of small and medium-sized businesses, which were in reality fictitious. They are suspected of transferring the funds received to bank accounts in Austria, Romania and Slovakia.