EPPO operation leads to €215,000 worth of assets seized

Article summary

The European Public Prosecutor’s Office (EPPO) announced that an operation with the Italian Financial Police led to the seizure of assets worth €215,000 in Italy. The assets were seized from the suspect, who allegedly misused EU funds by using the funds to increase the market value of property and sell it for a higher price, rather than modernising and restructuring the property as required. This led to an unlawful profit of €215,000. Ten properties and bank holdings owned by the suspect were also preventively seized, as requested by the European Delegated Prosecutor.