ROMANIA: STOLEN EU FOOD FUNDS FUNNELED INTO PROPERTIES AND LUXURIES

On 6 April, a report from OCCRP said that police began investigating the theft of $19 million back in 2015 and that reporters have now tracked down some of the funds.  The money came from an EU project to provide food to hungry Romanians.  4 suspects — 2 of whom prosecutors say were part of a criminal gang the police have dubbed “the Universals” — are now on trial, charged with fraud.  The case is ongoing, and the destination of the stolen cash has yet to be made public.

https://www.occrp.org/en/investigations/stolen-eu-food-funds-funneled-into-properties-and-luxuries

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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