OLAF REPORT REVEALS HUGE PUBLIC PROCUREMENT LOSSES TO CORRUPTION
October 1st, 2013
THE EUROPEAN Union’s (EU) anti-fraud office OLAF has unveiled a study that signals huge losses directly caused by corruption in public procurement. It identified how in 2010, between Euro EUR1.4 and 2.2 billion was lost in tenders within just five sectors in eight EU member states.Drawing on contracts published in the EU’s TED database (http://ted.europa.eu/TED/misc/chooseLanguage.do) involving EU and national government funds, the OLAF-commissioned report examined losses in the construction of road/rail projects; waste water plants; airport runways; staff ...
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