Anti-fraud chief: Countries under-report EU funds scams

Written by Super User 05 Jul 2012

The European Union's anti-fraud body recovered a record €691 million last year, it said on Tuesday, but expressed concern that public bodies were getting more reluctant to tip it off for fear of damaging national reputations. The European Anti-Fraud Office (OLAF) - which monitors the use of EU funds and investigates wrongdoing within EU institutions - saw an increase in private tip-offs thanks to a new internet notification system, it said in its 2011 annual report. But information from EU institutions and member states was becoming more scarce, said OLAF's director-general. ‘This decrease in information from public authorities worries us,’ Giovanni Kessler told reporters. Many of the larger fraud cases concern EU Structural Funds, which pay for regional infrastructure projects and are overseen by member states. One such investigation, into the financing of road works in Italy, yielded €389 million in recovered EU funds last year.

Pray: against any actions leading to deceit and lies within our leaders. (Ps.32:2)

More: http://www.euractiv.com/justice/anti-fraud-chief-eu-countries-re-news-513716

 

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