EU
EU’s €750bn pandemic fund at ‘heightened’ risk of fraud, Irish auditor warns, as 22 arrested
Tony Murphy’s comments come as Italian prosecutors uncovered a suspected criminal network they allege has defrauded the fund of €600 million
The EU’s €750 billion pandemic fund is at a “heightened” risk of fraud because it is not policed strictly enough, the bloc’s chief auditor has said.
Irishman Tony Murphy, president of the Luxembourg-based European Court of Auditors, said there is an “an assurance and accountability gap” when it comes to safeguarding the fund, known as the Recovery and Resilience Facility (RRF).
“Unlike regular EU budget spending, where the commission exercises greater control and oversight, the ...
