EU ROUND UP – OLAF TARGETS FRAUD IN HUGE COVID-19 RECOVERY FUNDS
May 23rd, 2023
European Union (EU) anti-fraud agency OLAF has told Belgium-based news wires it is probing fraud and graft in the EU’s EUR724 billion Recovery and Resilience Facility (RRF) (1), designed to help member states’ economies recover from Covid-19.
So far, EUR150 billion has been paid out, reported Brussels news service Knack, with Italy and Spain receiving more than 25% of payments. “OLAF is looking into the use of [RRF] funds in member states. There are currently a number of ongoing investigations into allegations of irregularities with [RRF] funds concerning ...
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