ONLY 25% OF EU FUNDING FRAUD RECOVERED IN 2022
January 22nd, 2024
Only 25% of European Union (EU) funds lost to fraud in 2022 were recovered from EU member states, less than the 34% five-year annual average, according to a January 18 resolution (1) from the European Parliament. MEPs want the European Commission to boost efforts to recover the EUR1.77 billion (USD1.93 billion) lost both to fraud and non-fraudulent irregularities in 2022. The 1,139 cases of fraud reported by the EU and national authorities (out of a total 12,455 irregularities) was a 2% increase compared to 2021, said the resolution. It was the Parliament’s ...
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