Italy: 600 million euro fraud with "ghost companies"

The Italian financial police discovered a fraud of 600 million euros

Screenshot 9 1 scam, Italy

Italy's financial police have discovered a €600 million fraud involving "ghost companies" that had requested and received funds from the Italian Recovery and Resilience Plan funds.

The investigations were carried out by the public prosecutor's office in Rome and the financial police of Venice, in cooperation with the police forces of Austria, Romania and Slovakia and the European judicial authorities.

According to the Italian press, 23 arrest warrants have been issued and all this fraud is due to the action of organized crime, which had managed to circumvent the rules of Italian and European legislation so that its members could request financing related to the Recovery Plan and Durability.