Fraud deprives Italian economy of one billion in EU funds
Audit Court bemoans corruption over last decade05 February, 14:01
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.