OLAF NAILS BIGGER FRAUDS BY IGNORING SMALL CASES
July 1st, 2010
BY KEITH NUTHALL
IMAGINATION and guile continue to help fraudsters milk hundreds of millions of Euros from the European Union's (EU) well-stocked budgets, explains the latest report from EU anti-fraud agency OLAF, writes Keith Nuthall.
OLAF spends a lot of money sniffing out fraud in the institutions and programmes of the EU and the payment of duties earmarked to fund this spending. The agency's administrative budget for 2009 was Euro EUR57 million, funding the costs of 500 staff. So it is just as well that last year OLAF recouped more than it spent: EUR249 ...
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