The funds had been granted to a tourism promoter in the province of Bari, in Italy, who was meant to use the funds to restructure a farmhouse and hotel. However, the suspect arrested by the Guardia instead used the funds issued from the EU programme for rural development to increase the market of the farmhouse and sel lit at higher value lateron.
The EPPO, which was launched in June 2021 and has its headquarters in Luxembourg, is “responsible for investigating, prosecuting and bringing to judgment crimes against the financial interests of the EU.”
Following this, it seized ten properties and bank holdings owned by the suspect.
At the beginning of November, the EPPO had seized over €23m in a tax evasion crackdown in Czechia, Romania and Slovakia. At the same time, it had investigated six entrepreneurs in Italy who had misspent €900,000 on pleasure boats.