News In Brief

Ticker

Top EU banker in corruption scandal

17.03.14 @ 09:24

  1. By EUOBSERVER

The vice-president of the European Investment Bank, Magdalena Alvarez, is embroiled in a corruption scandal in Spain, reports AFP. Alvarez, former public works minister, is alleged to have a role in using a regional development fund to pay bogus severance payments to dozens of people. Over €140 million was stolen.

Stay in touch

Making sense of the EU. To make sure you don't miss out, we offer different options for staying in touch.

  1. RSS