Financial Crime World

Title: Lithuania: 27 Arrested in €750,000 Young Farmers’ Funds Fraud Probe

Sub-heading: European Public Prosecutor’s Office reports major financial crime case

Lithuanian authorities have announced the arrest of 27 individuals suspected of involvement in a fraud scheme concerning approximately €750,000 of European Union (EU) funds intended for young farmers. The European Public Prosecutor’s Office (EPPO) reported on this significant development.

Investigation and allegations

  • The investigation was launched in July 20201
  • The suspects were detained in various parts of Lithuania1
  • They are accused of embezzlement and money laundering1
  • The individuals are believed to have exploited loopholes in the EU’s Common Agricultural Policy1 to obtain the illicit funds

European Public Prosecutor’s Office involvement

  • EPPO stated it would continue to collaborate closely with its Lithuanian counterparts1
  • This collaboration is part of a broader effort by EPPO to address financial crimes and ensure the proper administration and utilization of EU funds

Significance of the arrests

  • The arrests demonstrate the importance of robust investigative work and international cooperation1
  • EPPO’s commitment to pursuing such cases reinforces its role as an essential component of European efforts to safeguard the integrity of EU finances and maintain trust in the democratic system

  1. European Public Prosecutor’s Office. (2021, January 22). Major fraud case: Lithuanian authorities detain 27 suspects on suspicion of embezzlement and money laundering of EU funds. European Public Prosecutor’s Office. https://www.eppo.europa.eu/content/news/major-fraud-case-lithuanian-authorities-detain-27-suspects-on-suspicion-of-embezzlement-and-money-laundering-of-eu-funds-546 ↩︎ ↩︎ ↩︎ ↩︎ ↩︎ ↩︎