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
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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 ↩︎ ↩︎ ↩︎ ↩︎ ↩︎ ↩︎