Fraud deprives Italian economy of one billion in EU funds
Audit Court bemoans corruption over last decade
05 February, 14:01
(ANSA) - Rome, February 5 - Fraud has deprived the Italian
economy more than one billion euros in European Union funding
over the past decade, an official with the national Audit Court
said Tuesday.Despite the efforts of Italy's financial police, fraud related to the illegal use of EU funds has led to the billion-euro losses, said Salvatore Nottola, attorney general of the court.
Fraud is often found at the intersection of local authorities and local companies, who take on projects beyond their management abilities, he said.
"The adverse effects of mismanagement or illegal behaviour, sometimes even criminal," contribute to the waste of EU funds, Nottola said.
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