EU ROUND UP – EPPO IDENTIFIES EUR5.4 BILLION N EU SCAMS WITHIN FIRST SEVEN MONTHS’ OPERATIONS
March 24th, 2022
The European Public Prosecutor’s Office (EPPO) has launched its first annual report, saying that by December 31, it had processed 2,832 crime reports, opened 576 investigations (515 still active that day), identified EUR5.4 billion in estimated damages to European Union (EU) budgets and seized EUR147.3 million from alleged criminals. This was three times the EPPO’s 2021 budget, all within its first seven months of operations. Of these active inquiries, 31.8% focused on non-procurement expenditure fraud, involving the use or presentation of false, incorrect ...
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