Anti-fraud office probing misuse of EU funds

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Anti-fraud office probing misuse of EU funds
 © CyprusMail 2020
The Republic of Cyprus is under investigation by European fraud authorities for possible misuse – or worse – of EU funds in relation to contracts promoting Cypriot goods, it emerged on Thursday.

At the House watchdog committee, lawmakers heard that Olaf – the European Anti-Fraud Office – is currently probing the case. It was brought to their attention by the European Court of Auditors.

Olaf investigates fraud against the EU budget, corruption and serious misconduct within European institutions, and develops anti-fraud policy for the European Commission.

The affair concerns a number of...


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Anti-fraud office probing misuse of EU funds


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Article Tags: fraud, office, probing, misuse, funds,