Europe
Fraudsters suspected of stealing over €600m from EU’s pandemic fund
Twenty two people have been arrested after a series of raids across the bloc
Fraudsters are suspected of stealing over €600 million from the EU’s pandemic fund by using a series of Italian-registered firms as a front to claim grant aid.
According to the EU prosecutors’ office, 22 people have been arrested after a series of raids and asset seizures across Italy, Austria, Romania and Slovakia.
Eight suspects were placed under pre-trial detention, the remaining 14 are under house arrest and one accountant has been banned from his practice, ...