Saturday, October 01, 2011

More Good News From Brussels - Fraud Increasing.

EU’s anti-fraud office says €1.8bn of EU funds wrongly spent in 2010;
Number of irregularities up on last year.

OLAF, the EU’s anti-fraud office, has found that €1.8bn of EU funding was wrongly spent in 2010. According to OLAF’s report, 10,332 cases of irregularities, including potential fraud, were reported in 2010. By comparison, 7,769 cases, involving €1.4bn in EU funds, were reported in 2009. The greatest number of irregularities came from payments from the EU's regional and cohesion policy, according to European Voice.

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