European Watchdog Faults EU Fraud Investigations
- Fewer than half of suspected fraud cases led to prosecutions
- EU needs single commissioner to oversee anti-fraud efforts
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The European Commission’s anti-fraud office doesn’t effectively protect the EU’s financial interests, and the executive arm needs to take a leadership position in future inquiries, the European Court of Auditors said.
The commission lacks comprehensive information on the scale, nature and causes of fraud in European Union spending, while seven out of 10 citizens perceive that fraud against the bloc’s budget happens “rather frequently,” the watchdog said in a report published Thursday.