Italy: alleged fraud of 600 million euros in European subsidies. The suspects had implemented schemes to illicitly take advantage of the recovery fund established by the EU in response to the Covid health crisis.
More than 150 members of the Italian financial police have carried out searches across Italy as part of an investigation that extends to Austria, Romania and Slovakia. Majestic villas, cars, jewelry, luxury watches and cryptocurrencies have already been seized. The case highlights the challenge of managing the European recovery plan for Italy, which benefits from the largest amount.