OLAF REPORT REVEALS HUGE PUBLIC PROCUREMENT LOSSES TO CORRUPTION
October 1st, 2013
IT has been regarded as a hidden commercial crime – the losses to governments caused by corruption in public procurement. An OLAF report suggests its scale in Europe could be huge. Keith Nuthall reports. THERE is no sugar coating these numbers: the European Union’s (EU) anti-fraud office OLAF has unveiled a study that claimed in 2010 alone, between Euro EUR1.4 and 2.7 billion was lost to corruption in public procurement tenders within just five sectors in eight EU member states.Drawing on data associated with contracts involving EU and national ...
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