Investigations by OLAF, the EU’s anti-farud office, has resulted in the recovery of nearly €700 millionof misappropriated funds according to figures presented in its latest annual report.

Speaking at the lauch of OLAF’s annual report in Brussels, OLAF's Director General, Giovanni Kessler, expressed his satisfaction with the contents of the report.

"Thanks to our investigations, a considerable amount of money was recovered to EU taxpayers and a large number of...

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