Massive EU police raid arrests more than 20 suspects over €600M Covid funds fraud

Lamborghini and Rolexes seized in massive EU police raid over €600M Covid fraud Cops said the organized crime group used “advanced technologies” including AI to produce false documents for laundering cash. POLITICO

ROME — Police on Thursday arrested more than 20 suspects in Italy, Austria, Romania and Slovakia as part of a major investigation into massive fraud linked to the EU’s post-pandemic recovery fund.

At the request of EU prosecutors, 150 officers from fraud and financial police units detained eight people, while another 14 were placed under house arrest following a cross-border probe into an alleged criminal organization suspected of defrauding €600 million from the EU’s Recovery and Resilience Facility (RRF) for Italy.

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