Welcome for key findings of Lords' EU fraud report

17-Apr-2013 @ 11:0

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Anthea McIntyre Anthea McIntyre

Anthea McIntyre Anthea McIntyre

The House of Lords European UnionCommittee today (April 17) published its report on The Fight Against Fraud onthe EU's finances.
It concludes that the amount of fraudacknowledged by the European Commission at €404 million offers "only a glimpse"of the true level. The real figure is close to a staggering €5 billion, itsuggests.
Conservative MEPs Timothy Kirkhope and MartaAndreasen were among those who supplied evidence to the committee enquiry toinform its findings.
Welcoming the report's key findings today,Philip Bradbourn MEP, Conservative spokesman on budgetary control in theEuropean Parliament, said: "This hard-hitting report reinforces whatConservative MEPs have been hilighting for a long, long time - that fraud andmisuse of money is simply not taken seriously enough within theEU.
"It has been alllowed to throw its roots wideand deep while some people look the other way. The problem is far worse than hasbeen admitted.
"This is powereful justification for ourlong-standing demand that the EU should have a commissioner dedicated full timeto budget control - one charged not just with monitoring performance but withreal powers to investigate and root out fraud right across theunion."

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