12 July 2012
House of Lords looking into fraud in EU finances
Peers began investigating fraud and irregularities in the EU’s finances this week. The House of Lords’ justice, institutions and consumer protection EU sub-committee will look at the reliability of existing data about fraud in the EU, who is responsible for detection and recovery, and what can be done to minimise the threat.
In 2010, the European Commission estimated that a total of €2.3bn was lost through fraud and irregularities. Lord Bowness, the committee chair, called for interested parties to submit evidence. Written submissions should arrive by 14 September.
