22 arrested across Italy, Austria, Romania, and Slovakia for alleged $650M EU post-pandemic relief fund siphoning.

22 people were arrested across Italy, Austria, Romania, and Slovakia as part of an investigation into the suspected siphoning of $650M in EU post-pandemic relief funds. The European Public Prosecutor's Office stated that the alleged criminal organization diverted funds from Italy's National Recovery and Resilience Plan, a program supported by the EU's Recovery and Resilience Facility. The investigation will likely raise concerns about the misuse of the EU's $800B recovery fund, with Italy being the largest beneficiary.

April 04, 2024
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