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EU Fraud Bust: 22 Arrested, €600M Seized In Recovery Fund Scam

European union European flags fly outside the European Commission headquarters in Brussels

Police have made a significant breakthrough in uncovering a massive fraud scheme linked to the European Union's post-pandemic recovery fund. A total of 22 individuals have been arrested, and assets exceeding €600 million ($650 million) have been seized in connection with the alleged fraud.

Following an investigation by the EU prosecutor, eight individuals were detained, while 14 others were placed under house arrest. Additionally, two individuals have been prohibited from practicing their profession. The arrests were carried out in Italy, Austria, Romania, and Slovakia.

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