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Over Euro 1.2 billion affected by fraud, irregularities in 2023: OLAF

By ANI | Updated: June 19, 2024 03:25 IST

Brussels [Belgium], June 19 (ANI/WAM): Investigations by the European Anti-Fraud Office (OLAF) established that in 2023, over Euro 1 ...

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Brussels [Belgium], June 19 (ANI/WAM): Investigations by the European Anti-Fraud Office (OLAF) established that in 2023, over Euro 1 billion of EU taxpayers' money should be recovered from misuse.

OLAF's investigators detected a further Euro 209 million before they could be unduly spent.

The OLAF report 2023, published today, provides an insight into OLAF's main results, examples, trends and operations last year.

During 2023, OLAF opened 190 new investigations, following 1178 preliminary analyses carried out by OLAF experts.

OLAF closed 265 investigations, issuing 309 recommendations for follow-up to the relevant national and EU authorities.

OLAF recommended the recovery of Euro 1.04 billion to the EU budget. (ANI/WAM)

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

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