Fraudulent claims cost 527 mln euros to EU in 2021 - OLAF report

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Fraudulent claims cost 527 mln euros to EU in 2021 - OLAF report

STORY: Fraudulent claims cost 527 mln euros to EU in 2021 - OLAF report DATELINE: June 9, 2022 LENGTH: 0:02:40 LOCATION: Brussels CATEGORY: POLITICS SHOTLIST: 1. various of the EU Commission in Brussels 2. various of production of Euro banknotes 3. various of the European Central Bank in Frankfurt Germany 4. various of COVID-19 vaccination center 5. various of Green energy new technologies 6. various of illicit cigarettes STORYLINE: In 2021, a total of 527.4 million euros (564 million U.S. dollars) in European Union (EU) funds were used fraudulently, the European Anti-Fraud Office (OLAF) said in its annual report published on Wednesday. OLAF recommends the recovery of this sum. In its report, the office unveils emerging fraud trends on a wide range of issues and provides details on investigations on fraud schemes damaging the environment. In 2021, OLAF concluded 212 investigations and issued 294 recommendations to the relevant national and EU authorities. It also opened 234 new investigations.

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