One year of existence and already a steady pace of investigations and prosecutions.
The European Public Prosecutor's Office, created to protect the financial interests of the European Union, a major provider of subsidies and aid programs for innovation, today displays no less than 928 files opened on the basis of 4,600 reports from the European investigation service, the European Anti-Fraud Office (Olaf), but also tax services and the Courts of Auditors of the twenty-two European member countries of the new prosecution.
Twenty-eight cases have already been referred to national courts and four convictions have been handed down, including prison sentences in Croatia and Bulgaria.
To date, investigative resolutions are concentrated mainly in Eastern countries and Italy.
Common practices
While Olaf's 2021 activity report mentions an amount of business between 300 and 500 million euros, the open files total, for VAT fraud alone, an amount…
This article is for subscribers only.
You have 72% left to discover.
Cultivating your freedom is cultivating your curiosity.
Subscription without commitment
€0.99 THE FIRST MONTH
Already subscribed?
Login