OLAF REPORT
December 1st, 2004
BY KEITH NUTHALLCIGARETTES continue to be a key source of revenue for fraudsters and smugglers in the European Union (EU), with the EU institutions' anti-fraud unit OLAF saying they have generated more criminal money than anything else in investigations open this June. The financial impact of cigarette-related fraud in these cases, said OLAF's latest annual report was Euro 441.3 million, compared with Euro 332.7 million in EU regional spending abuse, the next most lucrative topic. Also, out of 170 OLAF customs cases under active investigation or follow up action, ...
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