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European Public Prosecutor uncovers €14.1 billion in financial damages

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European Public Prosecutor uncovers €14.1 billion in financial damages

The estimated damages to the monetary pursuits of the European Union totalled €14.1 billion by the top of 2022, with nearly half of the losses stemming from cross-border VAT fraud, the European Public Prosecutor’s Workplace (EPPO) mentioned in its annual report.

The quantity derives from 1,117 ongoing investigations, of which 865 had been opened final 12 months and 316 had a cross-border dimension.

Over the course of 2022, the workplace secured 87 prison indictments and had 59 of its circumstances dismissed by nationwide courts. Property value almost €360 million had been frozen because of the probes.

In keeping with the annual report, which was launched on Wednesday morning, essentially the most frequent kind of crime was expenditure fraud not associated to procurement, with 679 energetic circumstances.

This crime refers to the usage of false, incorrect or incomplete paperwork to unlock entry to EU funds.

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Agriculture and cohesion funds, by far the 2 largest envelopes within the EU price range, took up the largest share of all expenditure fraud circumstances, gathering 231 and 156 offenses, respectively.

Nevertheless, it was cross-border VAT fraud — the place firms and organisations exploit European VAT guidelines to govern taxes — that triggered the best monetary damages, with over €6.7 billion, regardless of representing simply 16.5% of all energetic investigations.

Nearly 60% of the studies and complaints obtained by the EPPO in 2022 had been submitted by non-public events, with the remaining coming from public authorities at EU and nationwide ranges.

“These are encouraging numbers,” Laura Codruța Kövesi, the European Chief Prosecutor, mentioned within the report’s foreword, noting the figures are more likely to improve because the bloc continues to roll out its €800 billion pandemic restoration fund, which is now being repurposed to turbocharge the power transition.

“These numbers shouldn’t make us imagine that we are already as environment friendly as we ought to be,” Codruța Kövesi added. “We’re on the proper observe, however we have to do extra. The EPPO is much from having deployed its full potential.”

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The EPPO has a mission to research and prosecute crimes towards the EU’s monetary pursuits, resembling cross-border VAT fraud, cash laundering, corruption and misappropriation of EU funds. 

The workplace has made headlines in latest months after launching fraud investigations towards a number of members of the European Parliament, together with Eva Kaili, the Greek legislator on the centre of the cash-for-favours scandal referred to as Qatargate.

Headquartered in Luxembourg, the EPPO operates by a decentralised construction of delegated prosecutors who work throughout the 22 collaborating member states and seem earlier than nationwide courts.

Poland, Hungary and Sweden have thus far refused to affix the prosecutor’s workplace, which is impartial of different European establishments, whereas Denmark and Eire have long-standing opt-out clauses on frequent issues of safety and justice.

The thought of creating a public prosecutor’s workplace with powers to research cross-border offenses dates again to the 2007 Treaty of Lisbon.

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The proposal underwent protracted negotiations till its official institution in June 2021, when the COVID-19 restoration fund instantly boosted the EU’s monetary firepower and deepened the necessity for stricter surveillance on spending and accountability.

For Codruța Kövesi, the stats compiled within the 2022 report display the EPPO’s “unprecedented capability to determine and hint unstable monetary flows and opaque authorized preparations.”

“One year-and-a-half after the beginning of our actions, the potential of the EPPO could be underexploited, however not ignored,” Codruța Kövesi mentioned.

The earlier annual report had uncovered €5.4 billion in monetary damages throughout 576 investigations.

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Justin Trudeau looks set to lose power after key ally vows to topple him

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Justin Trudeau looks set to lose power after key ally vows to topple him

Canadian Prime Minister Justin Trudeau on Friday looked set to lose power early next year after a key ally said he would move to bring down the minority Liberal government and trigger an election.

New Democratic Party leader Jagmeet Singh, who has been helping keep Trudeau in office, said he would present a formal motion of no-confidence after the House of Commons elected chamber returns from a winter break on Jan. 27.

NEWT GINGRICH SAYS TRUMP MAY HAVE ‘BROKEN’ TRUDEAU GOVERNMENT DURING HISTORIC TRANSITION PERIOD

If all the opposition parties back the motion, Trudeau will be out of office after more than nine years as prime minister and an election will take place.

A string of polls over the last 18 months show the Liberals, suffering from voter fatigue and anger over high prices and a housing crisis, would be badly defeated by the official opposition right-of-center Conservatives.

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The New Democrats, who like the Liberals aim to attract the support of center-left voters, complain Trudeau is too beholden to big business.

Canadian Prime Minister Justin Trudeau addresses the Liberal party caucus meeting in Ottawa, Ontario, Canada December 16, 2024.  (REUTERS/Blair Gable/File Photo)

“No matter who is leading the Liberal Party, this government’s time is up. We will put forward a clear motion of non-confidence in the next sitting of the House of Commons,” said Singh.

The leader of the Bloc Quebecois, a larger opposition party, promised to back the motion and said there was no scenario where Trudeau survived. The Conservatives have been calling for an election for months.

A few minutes after Singh issued his letter a smiling Trudeau, under growing pressure to quit after the shock resignation of his finance minister this week, presided over a cabinet shuffle.

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Trudeau’s office was not immediately available for comment.

Votes on budgets and other spending are considered confidence measures. Additionally, the government must allocate a few days each session to opposition parties when they can unveil motions on any matter, including non-confidence.

Before Singh made his announcement, a source close to Trudeau said the prime minister would take the Christmas break to ponder his future and was unlikely to make any announcement before January.

Liberal leaders are elected by special conventions of party members, which take months to arrange.

Singh’s promise to act quickly means that even if Trudeau were to resign now, the Liberals could not find a new permanent leader in time for the next election. The party would then have to contest the vote with an interim leader, which has never happened before in Canada.

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So far around 20 Liberal legislators are openly calling for Trudeau to step down but his cabinet has stayed loyal.

The timing of the crisis comes at a critical time, since U.S. President-elect Donald Trump is due to take office on Jan. 20 and is promising to impose a 25% tariff on all imports from Canada, which would badly hurt the economy.

The premiers of the 10 provinces, seeking to create a united approach to the tariffs, are complaining about what they call the chaos in Ottawa.

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Italy's Deputy PM Salvini found not guilty in Open Arms migrants case

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Italy's Deputy PM Salvini found not guilty in Open Arms migrants case

The leader of Italy’s right-wing Lega Party and Giorgia Meloni’s ally, Matteo Salvini, had been accused of kidnapping and dereliction of duty over his refusal to let a migrant rescue boat dock in Italy in 2019.

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A court in Sicily found Italy’s Deputy Prime Minister Matteo Salvini not guilty of kidnap for detaining 100 migrants aboard a humanitarian rescue ship in 2019 incident when he was interior minister.

“I am happy. After three years, Lega has won, Italy has won. Defending the homeland is not a crime but a right. I will go forward with more determination than before,” Salvini said following the verdict.

In August 2019, an NGO ship called Open Arms was carrying 147 migrants from the Libyan coast when Salvini prevented it from docking on the Italian island of Lampedusa.

The Open Arms remained at sea for almost three weeks, with the NGO reporting those on board endured dire circumstances leading to medical emergencies and deteriorated mental health. Some threw themselves overboard, and several minors were evacuated during the standoff.

Eventually, the prosecutor in the Sicilian city of Agrigento, Luigi Patronaggio, ordered the vessel to be preventively seized after inspecting it. The remaining 89 people onboard were allowed to disembark.

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Salvini, who leads the anti-migrant, Euroskeptic Lega party, has argued that the then-government of Giuseppe Conte backed him fully in his mission to “close the ports” of Italy to rescue ships carrying migrants found at sea.

Arriving at the courthouse on Friday morning, he said it was a beautiful day “because I am proud to have defended my country. I would do what I did again.”

Last week, he told a rally that “defending the borders, the dignity, the laws, the honour of a country cannot ever be a crime.”

Open Arms’ Italian lawyer, Arturo Salerni, has argued Salvini failed in his duty as a public official to protect the human rights of those on board the ship. Prosecutors during the trial say that those stranded at sea should have had their human rights protected over “state sovereignty.”

“A person stranded at sea must be saved and it is irrelevant whether they are classified as a migrant, a crewmember or a passenger,” Prosecutor Geri Ferrara told the court in September.

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Meloni’s support

Salvini had said he would be unlikely to step down in the case of a guilty verdict over five years, which would have automatically barred him from office.

He has the support of Italian Prime Minister Giorgia Meloni, who earlier this year said in a post on X that “turning the duty to protect Italy’s borders from illegal immigration into a crime is a very serious precedent.”

She never indicated she would expect his resignation, but on Wednesday, she told the Italian Senate that Salvini has the “solidarity of the entire government”.

Meloni has moved to crack down on migration since taking power in 2022, striking deals with northern African countries in a bid to prevent migrants from departing and setting up a landmark scheme with Albanian leader Edi Rama to process asylum applications in so-called “return hubs” away from Italian soil.

The deal has gained traction across European member states, although it has since become a legal nightmare for Meloni after 24 asylum seekers who were sent to Albania were promptly sent back to Italy after a Roman court declared the scheme unlawful.

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The standoff between Open Arms and Salvini was one of over 20 during his tenure as interior minister from 2018 to 2019, where he took a hardline stance against migration. At the time, he repeatedly closed Italian ports to humanitarian rescue ships and accused NGOs that rescued migrants of effectively encouraging human traffickers.

In one incident, now-MEP Carola Rackete entered the port of Lampedusa against Salvini’s orders after declaring a state of emergency on her boat.

She was soon arrested on charges of illegal migration that were eventually dropped.

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Malaysia says it will resume search for wreckage of missing Flight MH370

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Malaysia says it will resume search for wreckage of missing Flight MH370
Malaysia has agreed in principle to resume the search for the wreckage of missing Malaysia Airlines Flight MH370, its transport minister said on Friday, more than 10 years after it disappeared in one of the world’s greatest aviation mysteries.
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