Displaying items by tag: fraud

Greek anti-organized crime units have arrested 20 people in Crete — including a sitting municipal deputy mayor — over an alleged €3 million fraud against EU agricultural subsidy funds that operated for five years through three state-approved farm grant processing centres, with investigators tracking approximately 90 additional suspects.

Of particular interest are the data included in the material of the pre-investigation procedure and reflect the strong contradiction between the financial profile declared to the Authorities by the members of the powerful Roma family involved in the major fraud with the gold sovereigns and the lifestyle they allegedly had in reality.

Greek authorities have frozen the assets of General Confederation of Greek Workers (GSEE) President Giannis Panagopoulos and expanded a major investigation into the alleged embezzlement of €73 million ($79 million) in state and European Union funds.