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An Olaf commissioned study identified bid rigging, kickbacks, conflict of interest, and deliberate mismanagement of EU funds in eight member states (Photo: Wikipedia)

Up to €2.2bn of public funds stolen in eight EU states

Up to €2.2 billion was stolen in public and EU funds in eight member states in 2010, according to a report commissioned by the EU anti-fraud agency Olaf.

The figures, released on Tuesday (1 October) at a European Parliament conference on corruption, represent the estimated overall direct costs of corruption in public procurement in five major sectors like construction and water treatment.

The results of the study, conducted jointly by accountancy firm PwC EU Services and Ecorys wi...

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Author Bio

Nikolaj joined EUobserver in 2012 and covers home affairs. He is originally from Denmark, but spent much of his life in France and in Belgium. He was awarded the King Baudouin Foundation grant for investigative journalism in 2010.

An Olaf commissioned study identified bid rigging, kickbacks, conflict of interest, and deliberate mismanagement of EU funds in eight member states (Photo: Wikipedia)

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Author Bio

Nikolaj joined EUobserver in 2012 and covers home affairs. He is originally from Denmark, but spent much of his life in France and in Belgium. He was awarded the King Baudouin Foundation grant for investigative journalism in 2010.

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