Politico revealed yesterday that more than 20 people in Italy, Austria, Romania and Slovakia have been arrested as part of an investigation into massive fraud linked to the EU's recovery fund after the Covid19 pandemic. At the request of EU prosecutors, according to Politico, 150 fraud and financial police officers arrested eight people and put another 14 under house arrest following a cross-border investigation into an alleged criminal organization suspected of €600m fraud linked to the EU's Recovery and Resilience Fund (RRF) for Italy. Police also raided homes and businesses, seizing and impounding assets including apartments and villas, cryptocurrency, Rolex watches, gold and jewellery, as well as a Lamborghini, a Porsche and an Audi Q8. Italy is the biggest beneficiary of the EU's post-crisis recovery fund, with €191.5 billion in grants and loans to manage and spend. […]
Source: News Beast
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