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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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Hezbollah bigger challenge than Hamas to Israel: ‘Crown jewel in the Iranian empire of terror’

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Hezbollah bigger challenge than Hamas to Israel: ‘Crown jewel in the Iranian empire of terror’

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JERUSALEM — With Israel on the verge of a third full-blown war against Hezbollah because of the Lebanese organization’s constant firing of deadly missiles, drones and rockets, the differences and similarities between Hezbollah and Hamas are now under the microscope. 

The Islamic Republic of Iran finances the Mideast terrorist movements Hamas and Hezbollah, who have declared war on Israel and who are also responsible for committing numerous terrorist attacks against American civilians and military service personnel.

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Fox News Digital contacted experts for a tale-of-the-tape analysis on Hamas, which is situated in the southern Gaza Strip, and Hezbollah, which is the de facto ruler of the Lebanese state on Israel’s northern border. Israel has fought two wars against Hezbollah, in 1982 and in 2006.

“Hezbollah is the crown jewel in the Iranian empire of terror and evil and is by far the most powerful Iranian proxy equipped with nation state capabilities and even with more firepower than several European militaries have today,” Jonathan Conricus, senior fellow at the Foundation for Defense of Democracies and a former IDF spokesman told Fox News Digital.

HEZBOLLAH TERRORISTS LAUNCH MASSIVE ROCKET ATTACK ON ISRAEL AMID MOUNTING TENSIONS

In this Feb. 13, 2016, file photo, Hezbollah fighters hold flags as they attend the memorial for slain leader Sheik Abbas al-Mousawi, who was killed by an Israeli airstrike in 1992, in Tefahta village, south Lebanon. (AP Photo/Mohammed Zaatari, File)

Despite widespread poverty and economic instability in Iran, the Islamic Republic is also a generous funding source of Hezbollah, providing the Lebanese terrorist organization with over $700 million a year, according to the Israel Defense Forces and the U.S. State Department. Joint military cooperation between Iran’s regime and Hezbollah has been a longstanding feature in Lebanon, Syria and throughout Europe with respect to terrorism and war planning.

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“In a military comparison, Hezbollah is far more powerful than Hamas across the board in every military metric. In terms of the amount of rockets they have, the range, the accuracy or the payload or size of the warhead, also in terms of the amount of personnel, armed fighters, their training and their equipment,” Conricus added.

Israeli artillery

Israeli soldiers fire a mobile howitzer in the north of Israel, near the border with Lebanon Jan. 15, 2024.  (AP Photo/Ohad Zwigenberg)

Hezbollah has amassed a massive arsenal of an estimated 150,000 rockets and missiles that are aimed at the Jewish state. The IDF has degraded Hamas’ supply of 20,000 rockets and missiles since the start of the war. However, Hamas was capable of launching eight rockets from the city of Rafah into Israel two weeks ago. Fox News Digital reported last week that Hezbollah launched over 200 missiles, rockets and drones into Israel.

The economics of Hamas and Hezbollah have similarities and differences in the scope of funding and military training from Tehran.  

“Hezbollah and Hamas are both terror organizations funded mainly by Iran. Hezbollah’s loyalty is only to Iran. Hamas is for everyone who helps it,” said Edy Cohen, a Lebanese-born Israeli scholar of Hezbollah.

HEZBOLLAH BOMBARDS ISRAEL WITH ROCKETS, DRONES

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Hezbollah terrorists training.

Hezbollah terrorist organization’s Radwan forces in training video. (Memri.org)

Cohen, a researcher at the Eitan, the Israeli Center for Grand Strategy, said “Hamas is under a sea blockage and cannot fly to other countries and cannot receive goods or arms easily. Hezbollah can.”

The number of terrorists fighting for both organizations varies. The IDF has reduced Hamas’ terrorist force by nearly 50% since the start of the war to between 9,000 and 12,000 combatants.

“Under the guidance of Hezbollah leader Hassan Nasrallah, the group boasts a troop strength of 20,000 to 25,000 full-time fighters, with additional tens of thousands in reserves,” the IDF wrote on its website. “Hezbollah’s elite Radwan Unit is particularly noted for its combat proficiency and strategic importance in conflicts across the region. This particular unit … was established with assistance from Iran’s Quds force.”

Walid Phares, co-president of #EducateAmerica and a professor of Middle East Studies, told Fox News Digital the first principal difference between Hamas and Hezbollah is “Hamas comes from the Muslim Brotherhood organizationally and ideologically, so it is a Sunni extremist group, a chapter of Ikhwan among many chapters in the region.” 

Ikhwan is an Arabic word for the Muslim Brotherhood.

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A Palestinian fighter from the armed wing of Hamas takes part in a military parade

A terrorist from Hamas takes part in a military parade to mark the anniversary of the 2014 war with Israel near the border in the central Gaza Strip July 19, 2023. (Reuters/Ibraheem Abu Mustafa/File Photo)

He added that “Hezbollah comes from an opposite side. They are Shiites, but Jihadi Shiites, made of Lebanese Shia Islamists who have been recruited (and funded) by the Islamic Revolutionary Guard, or the Sepah Pasdaran as early as 1980. They were launched by the Islamic Republic in northern Bekaa that year and marched south all the way to the southern suburb of Beirut and then to the south after Israel started to withdraw.”

ODDS OF ISRAEL-HEZBOLLAH WAR ‘INEVITABLE,’ EXPERTS FEAR: ‘TOTALLY PESSIMISTIC’

Benjamin Netanyahu

Prime Minister Benjamin Netanyahu visited the IDF Gibor base in Kiryat Shmona, where he was briefed by 769th Brigade Commander Avraham Marciano and Northern Command Home Front coordinator Brig.-Gen. (Res.) Alon Friedman June 5, 2024. (Israeli Government Press Office)

Phares, co-host of the popular “War and Freedom” podcast, said Hamas’ “ultimate goal is to destroy Israel, establish a Taliban-like emirate or state in Palestine, but, more importantly, have that Islamic entity join a new Caliphate across the region. Hamas as such is not a ‘nationalist’ group, but a Pan-Islamist organization.”

In contrast to Hamas, Phrase noted that Hezbollah believes “in exactly the doctrine of the Iranian regime. That is to establish a Khomeinist republic in Lebanon to join the sister Islamic Republic in Iran, and also in Iraq and Yemen, and eventually form a ‘parallel’ Shia Khomeinist (Jihadist) type of Caliphate, known as Imamate, Shia Islamists reject the Sunni Caliphate.” 

Terrorists from Hezbollah train in Lebannon

Hezbollah Radwan forces training in Southern Lebanon near the Israeli border. (AP/Hassan Ammar)

The Islamic revolutionary Ayatollah Ruhollah Khomeini founded the Islamic Republic of Iran in 1979, with a mission to export his Shia Islamism across the world.

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“So, they are at polar opposites ideologically, how did they come together and what is common between them. What is common is, first, that they both want to destroy the Zionist entity [Israel]. That’s the ultimate joint goal. Then, they both want to bring down all Arab regimes who are with peace or are obstructing their jihad. They are both enemies of America,” Phares said.

Iran military parade

An Iranian military truck carries surface-to-air missiles past a portrait of Iran’s Supreme Leader Ayatollah Ali Khamenei during a parade on the country’s annual army day April 18, 2018, in Tehran. (Atta Kenare/AFP via Getty Images)

The Iranian regime’s financing of both terrorist movements is a crucial factor, according to Mideast experts, in understanding jingoism in the region and the destabilization of the Levant and the Islamic heartland in the Middle East. 

Qatar hosts the Hamas political leader Ismail Haniyeh, who told the Qatari-owned Al Jazeera network in 2022— two years before Hamas launched its Oct. 7 invasion into southern Israel — that Tehran funnels at least $70 million to Hamas each year.  

“Iran stands at the forefront of supporting the cause and [the] people of Palestine,” Haniyeh said in March.

NETANYAHU SAYS ISRAEL ‘PREPARED FOR VERY INTENSE ACTION’ AGAINST IRAN-BACKED HEZBOLLAH AMID RISING TENSIONS

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The intense relations between Hamas and Hezbollah stem from the mid-1990s.

Counterterrorism expert Bruce Hoffman also noted in a June 14 article on the website of the Council of Foreign Relations that “some five hundred Hamas fighters were trained in Iran in preparation for the October 7 attacks, a reflection of Iran’s longstanding support of Hamas.”

Phares explained that Hamas and Hezbollah came together in 1994-1995 when “hundreds of Hamas cadres and leaders were exiled by Israel to south Lebanon. They were hosted by Hezbollah, who linked them up with the regime in Tehran. They were received, funded and armed. They were told the two Jihadisms can work together despite the Sunni and Shia divide. “

Hamas leader Sinwar.

Yahya Sinwar, center, the elected leader of Hamas, appears during a ceremony for fighters killed by Israeli air strikes at Yarmouk football stadium May 24, 2021, in Gaza City, Gaza.  (Laurent Van der Stockt/Getty Images)

He said Hamas embraced the Shia side to the “point that in 2011 they eventually sided with [Syria President Bashar] Assad’s (pro-Khomeinist) regime against Sunni Salafi Jihadi factions. That was a major crisis for Hamas, accused by Sunnis of betraying them. But, eventually, when Assad regained ground in Syria, and the Islamic Regime shifted the fight to Gaza, Hamas regained ‘Jihadi notoriety’ in the region.”

“Strategically speaking, Hezbollah is currently enjoying a situation where it has Israel exactly where it wants it. And Israel has indeed achieved quite a lot of military achievements. But, on the strategic level, Hezbollah is benefiting from an attrition in Israeli capabilities and from a very challenging diplomatic situation,” Conricus, the former IDF spokesman, noted.

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A mural of Hassan Nasrallah with a red background and people cheering in front of it

Hezbollah leader Sheik Hassan Nasrallah speaks via a video link as his supporters raise their hands during the Shiite holy day of Ashoura in the southern suburb of Beirut, Lebanon, Aug. 9, 2022. (AP Photo/Hussein Malla)

“As long as the international community fails to understand the severity and doesn’t act with urgency in order to facilitate a diplomatic deal that will return Israeli civilians to their homes safely, the only other option that remains is the military one, which Israel, unfortunately, will have to use in order to implement the responsibility of any government to safeguard the lives of its civilians. I hope that can be avoided, but currently that does not seem to be the case.”

The U.S. has sanctioned both Hamas and Hezbollah as foreign terrorist organizations. The EU has merely sanctioned Hezbollah’s so-called “military wing,” a terrorist entity, while France has blocked the designation of a full terror proscription of Hezbollah. The EU sanctioned Hamas as a terrorist organization in 2003.

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Al-Qaeda affiliate claims responsibility for June attack in Burkina Faso

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Al-Qaeda affiliate claims responsibility for June attack in Burkina Faso

The attack on June 11 was one of the deadliest suffered by the West African nation’s army.

An armed group linked to al-Qaeda, Jama’at Nusrat al-Islam wal-Muslimin (JNIM), has claimed responsibility for what it said was an attack on June 11 that killed more than 100 Burkina Faso soldiers in the Mansila area near the border with Niger, the SITE Intelligence Group said.

On Sunday, SITE quoted a JNIM statement as saying that five days ago “fighters stormed a military post in the town, where they killed 107 soldiers and took control of the site”.

Several videos shared online by JNIM showed raging gunfire around the army base. Another video showed a display of ammunition and dozens of weapons, and at least seven captured Burkina Faso soldiers.

June’s reported attack has been one of the deadliest suffered by the West African Sahel nation’s army.

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Ulf Laessing, head of the Sahel programme at the Konrad Adenauer Foundation, told Al Jazeera that the government is trying to fight the armed groups but has not recruited professional soldiers to do so.

“They recruited 50,000 volunteers, many of whom got only a short period of training. So they’re kind of vulnerable to losses and it is not very efficient, unfortunately. Almost every day now, there are incidents like this,” he said.

“Right now you have 50-60 percent of [Burkina Faso’s] territory which is outside government control … The government is trying hard, they’re buying weapons, they have a military partnership with Russia but they’re not very successful.”

Niger and Mali are also struggling to contain fighting linked to al-Qaeda and ISIL (ISIS). The unrest is also threatening the stability of the Sahel region as the armed groups, who control swathes of territories in Burkina Faso and Mali, use them as bases to target southern coastal countries.

Laessing noted that while Mali and Niger have similar problems, their countries are much bigger.

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“Burkina Faso is the smallest of the three and very densely populated … Whenever the army attacks, you have many more civilian victims, that makes it so brutal,” he said.

Over more than a decade, armed groups have killed thousands and displaced more than two million in Burkina Faso.

Moreover, the country has topped the recent Norwegian Refugee Council (NRC) list of the world’s most neglected displacement crises.

The violence killed more than 8,400 people last year, double the number of deaths from the previous year, according to the NRC.

About two million civilians were trapped in 36 blockaded towns across Burkina Faso by the end of 2023.

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Fight for control of Yemen's banks between rebels, government threatens to further wreck economy

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Fight for control of Yemen's banks between rebels, government threatens to further wreck economy

SANAA, Yemen (AP) — Yemen’s Houthi rebels and its internationally recognized government are locked in a fight for control of the country’s banks that experts warn is threatening to further wreck an economy already crippled by nearly a decade of war.

The rivalry over the banks is throwing Yemen’s financial system into deeper turmoil. Already, the Houthis who control the north and center of the country and the government running the south use different currency notes with different exchange rates. They also run rival central banks.

The escalating money divide is eroding the value of Yemen’s currency, the riyal, which had driven up prices for clothing and meat before the Islamic holiday of Eid al-Adha started on Sunday.

For weeks, Yemenis in Houthi-controlled areas have been unable to pull their money out of bank savings accounts, reportedly because the Houthi-run central bank, based in the capital, Sanaa, has stopped providing liquidity to commercial and government banks. Protests have broken out in front of some banks, dispersed by security forces.

Yemen has been torn by civil war ever since the Iranian-backed Houthi rebels took over Sanaa and much of Yemen’s north and center in 2015. The Saudi-backed internationally recognized government and its nominal ally the Southern Transitional Council, a group supported by the United Arab Emirates, govern the south and much of the east, centered in the southern port city of Aden.

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Yemen was already the Arab world’s poorest country before the war began. Punitive actions by each side against the other’s banks over the past week now threaten to undermine merchants’ ability to import food and basic commodities and to disrupt the transfer of remittances from Yemenis abroad, on which many families depend, said Edem Wosornu, director of operations and advocacy for the U.N. humanitarian coordination office known as OCHA.

“All these factors will likely deepen poverty, worsen food insecurity and malnutrition, and increase reliance on humanitarian assistance,” she told a U.N. Security Council briefing on Thursday. The dispute could escalate to the point that banks in Houthi-run areas are barred completely from international financial transactions, which she said would have “catastrophic ramifications.”

The internationally recognized government moved the central bank to Aden in 2016, and since then began issuing new banknotes to replace worn-out riyals. Houthi authorities, which set up their own central bank in Sanaa, banned the use of the new money in areas under their control.

In March, the Houthi-controlled central bank announced it was rolling out its own new 100-riyal coins. The international community and Yemen’s recognized government denounced the move, saying the Houthis were trying to set up their own financial system and warning it will deepen Yemen’s economic divide.

Adding to the confusion, the bills have different exchange rates — riyals issued in Sanaa go for about 530 to the dollar, while those from Aden are around 1,800 to the dollar.

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In response, the Aden-based central bank gave banks 60 days to relocate their headquarters to the southern city and stop operating under Houthi policies, or else risk facing sanctions related to money laundering and anti-terrorism laws.

The central bank was “forced to make these decisions, especially after the Houthi group issued their own currency and took unilateral steps towards complete independence from the internationally recognized Central Bank in Aden,” said Mustafa Nasr, an economic expert and head of the Studies and Economic Media Center SEMC.

No banks met the deadline — either because they needed more time or because they feared Houthi sanctions if they moved, Nasr said.

When the deadline ran out last week, the central bank in Aden banned dealing with six banks headquartered in Sanaa, meaning currency exchange offices, money transfer agencies and banks in the south could no longer work with them.

In retaliation, the Houthi-run central bank in Sanaa banned all dealings with 13 banks headquartered in Aden. That means people in Houthi-controlled areas can’t deposit or withdraw funds through those banks or receive wire transfers made through them.

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Even as the fight for control is going on, both sides are facing a cash crunch. The Houthi government has few sources of foreign currency and its new coins aren’t recognized outside its territory.

In January, the United States designated the Houthis as a global terror group in response to the rebels’ attacks on shipping in the Red Sea and Arabian Sea. The Houthis say the attacks are in retaliation for the Israel-Hamas war in the Gaza Strip. Because of the U.S. decision, banks around the world might be concerned and reluctant to continue any financial dealings with banks that have headquarters under Houthi control, said Youssef Saeed, a University of Aden economic professor.

The economy in Aden isn’t significantly better. The government’s revenues have been hit hard ever since Houthi attacks on oil ports in late 2022 forced a halt in oil exports, the main earner of foreign currency.

Since March, depositors in Houthi-run areas have been unable to pull money out of their accounts. The central bank in Sanaa hasn’t announced any formal restrictions, but several economists told The Associated Press that it has informally stopped releasing funds that individual banks have put in its coffers — in part because of a lack of liquidity.

At one bank that saw protests by depositors last month, the International Bank of Yemen, a note hung in the lobby said, “In coordination with the Central Bank, withdrawals from old accounts have been suspended until further notice.”

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Um Ahmed, a 65-year-old woman who was among those protesting outside the bank, said that she was trying to withdraw money to help her son buy a motor scooter for work, but the bank refused.

“I served this country as a teacher for 35 years and saved every penny and deposited my money at the bank, but they took it all,” she said. “This money belongs to my husband and me and our children.”

___

Fatma Khaled reported from Cairo.

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