Prosecutors' offices of Bulgaria, Germany and Switzerland, in cooperation with the European Anti-Fraud Office, also known as OLAF, carried out a large-scale operation and uncovered an international crime ring involving European Union pre-accession funds.
The financial impact of the subsidy fraud is estimated at 7.5-million Euros.
The investigated companies were involved in carousel operation and are part of a linked network of more than fifty companies.
The SAPARD Agency (Special Accession Programme for Agriculture and Rural Development) had paid about 7.5-million Euros to beneficiaries involved in the fraud.
The alleged fraud involves companies' acquisition of used machinery for the processing and packaging of meat products at inflated prices.
Israel Rafalovich
U.N. OBSERVER & International Report
Please also see:
European Anti-Fraud Office (OLAF)
http://ec.europa.eu/anti_fraud/index_en.html
The SAPARD program
(Special Program of Pre-Accession for Agriculture and Rural Development)
http://www.sapard.ro/modules/freecontent/content/eng/initial.html
The financial impact of the subsidy fraud is estimated at 7.5-million Euros.
The investigated companies were involved in carousel operation and are part of a linked network of more than fifty companies.
The SAPARD Agency (Special Accession Programme for Agriculture and Rural Development) had paid about 7.5-million Euros to beneficiaries involved in the fraud.
The alleged fraud involves companies' acquisition of used machinery for the processing and packaging of meat products at inflated prices.
Israel Rafalovich
U.N. OBSERVER & International Report
Please also see:
European Anti-Fraud Office (OLAF)
http://ec.europa.eu/anti_fraud/index_en.html
The SAPARD program
(Special Program of Pre-Accession for Agriculture and Rural Development)
http://www.sapard.ro/modules/freecontent/content/eng/initial.html