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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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GameStop is becoming a poorly run bank

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GameStop is becoming a poorly run bank
GameStop’s actual business – selling video games and associated paraphernalia – isn’t doing so hot. Its other business – earning interest on cash that was handed over irrationally – is helping. But that makes GameStop more akin to a bank than a retailer. Shareholders would be better off sticking with an actual savings account.
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WikiLeaks’ Assange is free after pleading guilty in deal with Justice Department

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WikiLeaks’ Assange is free after pleading guilty in deal with Justice Department

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WikiLeaks founder Julian Assange pleaded guilty Tuesday in connection with a deal with federal prosecutors to close a drawn-out legal saga related to the leaking of military secrets that raised divisive questions about press freedom, national security and the traditional bounds of journalism.

The plea to a single count of conspiring to obtain and disclose information related to the national defense was entered Wednesday morning in federal court in Saipan, the capital of the Northern Mariana Islands, an American territory in the Pacific.

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WikiLeaks founder Julian Assange, second from right, arrives at the United States courthouse where he is expected to enter a plea deal in Saipan, Mariana Islands, Wednesday, June 26, 2024. (AP Photo/Eugene Hoshiko) (AP )

Assange said that he believed that the Espionage Act under which he was charged contradicted his First Amendment rights but that he accepted that encouraging sources to provide classified information for publication can be unlawful.

“I believe the First Amendment and the Espionage Act are in contradiction with each other but I accept that it would be difficult to win such a case given all these circumstances,” he reportedly said in court. 

Under the terms of the deal, Assange is permitted to return to his native Australia without spending any time in an American prison. He had been jailed in the United Kingdom for the last five years, while fighting extradition to the United States.

A conviction could have resulted in a lengthy prison sentence. 

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AUSTRALIAN LAWMAKERS SEND LETTER URGING BIDEN TO DROP CASE AGAINST JULIAN ASSANGE ON WORLD PRESS FREEDOM DAY

Julian Assange after being released from prison

Screen grab taken from the X account of WikiLeaks founder Julian Assange following his release from prison on Tuesday June 25, 2024. Assange has arrived in Saipan ahead of an expected guilty plea in a deal with the U.S. Justice Department that will set him free to return home to Australia. (@WikiLeaks, via AP)

WikiLeaks, the secret-spilling website that Assange founded in 2006, applauded the announcement of the deal, saying it was grateful for “all who stood by us, fought for us, and remained utterly committed in the fight for his freedom.”

Federal prosecutors said Assange conspired with Chelsea Manning, then a U.S. Army intelligence analyst, to steal diplomatic cables and military files published in 2010 by WikiLeaks. Prosecutors had accused Assange of damaging national security by publishing documents that harmed the U.S. and its allies and aided its adversaries.

Manning was sentenced to 35 years in prison. President Barack Obama commuted the sentence in 2017 in the final days of his presidency.

Assange has been celebrated by free press advocates as a transparency crusader but heavily criticized by national security hawks who say he put lives at risk and operated far beyond the bounds of journalism.  

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SUPPORTERS OF JULIAN ASSANGE RALLY AT JUSTICE DEPT. ON 4-YEAR ANNIVERSARY OF DETAINMENT

Julian Assange boarding a plane

Julian Assange seen boarding an airplane. (Getty Images)

Weeks after the 2010 document cache, Swedish prosecutors issued an arrest warrant for Assange for allegedly raping a woman and an allegation of molestation. The case was later dropped. Assange has always maintained his innocence. 

In 2012, he took refuge in the Ecuadorian Embassy in London, where he claimed asylum on the grounds of political persecution, and spent the following seven years in self-exile there. 

The Ecuadorian government in 2019 allowed the British police to arrest Assange and he remained in custody for the next five years while fighting extradition to the U.S. 

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The Associated Press contributed to this report.

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France elections: Germans prepare for seismic change in EU politics

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France elections: Germans prepare for seismic change in EU politics

As France gears up for the shocking snap elections that French President Emmanuel Macron called during the EU elections, Germans are preparing for a seismic change in EU politics.

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With the upcoming French elections just around the corner, Germany is bracing itself for the results, which are expected to swing to the right.

Climate, migration and gender equality policies are likely to be affected on a national level in France if far-right Marine Le Pen’s National Rally party wins. Yet, political scientist Prof Dr Miriam Hartlapp warned the effects could ripple across the European Union.

“Policymaking in Brussels will change because members of this right-wing populist party could sit in the Council of Ministers. This creates a different situation for countries like Germany and other European nations,” Hartlapp said.

“France is not a small member state, but a large and important one. We can expect that European climate policy, asylum and migration policy, and gender equality policy at the European level will then look different,” she added.

Hartlapp said the swing to the right has spread across Europe as the dissatisfaction with current governments is reflected in the political climate.

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Germans are aware of the changes and this “causes concern,” Harlapp said, pointing at German Chancellor Olaf Scholz’s recent interview where he said he hopes “that parties that are not [Marine] Le Pen, to put it that way, are successful in the election. But that is for the French people to decide.”

Hartlapp added that the EU can expect immigration-related cases to be brought to the European Court of Justice.

“Some points in the National Rally‘s program clearly contradict the fundamental rights of the European constitution. For example, immigrants in France not having the same rights as French citizens when it comes to housing and social benefits. This directly contradicts EU law,” she said.

Meanwhile, in Germany, individual politicians from the far-right party Alternative for Germany (AfD) and extreme-right Die Heimat announced their plans to form factions in the eastern state of Brandenburg this week, after AfD outperformed all of the parties in the ruling coalition government during the EU elections.

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