Romania Under Scrutiny for 15 Million Euro Fraudulent Transactions Detection

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The European Anti-Fraud Office (OLAF) and the European Public Prosecutor’s Office (EPPO) have launched a joint investigation into suspected fraud worth 15 million euros in Romania. The probe, which has already resulted in 38 house searches, is focused on IT projects financed by the European Union to support innovation and boost productivity.

Uncovering an International Fraud Scheme

According to OLAF, an international fraud scheme was uncovered, allegedly siphoning millions of euros off EU funds through fake or incorrect invoices and laundering the money. The investigation also implicated legal entities and individuals based in Cyprus, the Czech Republic, Malta, Monaco, and the United States.

Cooperation between OLAF and EPPO

“This joint success demonstrates the impact of good cooperation between OLAF and the EPPO,” said Ville Itälä, Director-General of OLAF. “We have uncovered an alleged fraud scheme worth 15 million euros, and we have analyzed and tracked down a likely money laundering scheme at international level. Fraud is often an international business.”

Investigation Methods

The investigation was carried out through complementary investigations, which allow OLAF to investigate the same facts as an ongoing EPPO criminal case. This type of inquiry can facilitate the adoption of precautionary administrative measures or financial, disciplinary, or administrative action.

OLAF’s Mission

OLAF’s mission is to detect, investigate, and stop fraud with EU funds, contributing to strengthening citizens’ trust in the EU Institutions by investigating serious misconduct by EU staff and members of the EU institutions.