EU budget

EU Budget Lost Nearly Billion Dollars to Fraud Last Year

By Francesco Guarascio BRUSSELS, May 31 – Nearly $1 billion of European Union funds were given out to fraudulent claimants last year, with the biggest concentrations of suspected false claims in Romania, Bulgaria and Hungary, data from EU investigators shows. In an annual report published on Tuesday, the European Anti-Fraud Office (OLAF) concluded that 888

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