Italy arrests 22, seizes millions in EU fund fraud case

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Italy arrests 22, seizes millions in EU fund fraud case
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Italy arrests 22, seizes millions in EU fund fraud case

MILAN – Italian police said on Thursday they had arrested 22 people and seized assets from villas to Rolexes worth over 600 million euros as part of an investigation into alleged fraud tied to European Union and Italian funding schemes.

Three people were arrested in Slovakia, two in Austria and 17 across Italy, police said, with searches also carried out in Romania. Simultaneously, the government is paying out billions for the building schemes, including one which offered to pay homeowners 110% of the cost of energy-saving renovations and another which covered up to 90% of the cost of doing up facades.

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