EPPO in Italy executes a freezing order of €114K against a company involved in the non-specialised wholesale trade of food and tobacco, suspected of defrauding funds

It is alleged that the owner of the company falsified the company’s financial statements, indicating higher revenues than the actual ones, to be eligible for obtaining RRF funds for the development of an e-commerce platform. He then submitted the request to SIMEST, Italy’s financial institution for the development and promotion of the activities of Italian companies, and responsible for managing and distributing RRF funds in these projects, which granted the company €228 000 in total…