(Luxembourg, 30 July 2025) – At the request of the European Public Prosecutor’s Office (EPPO) in Venice (Italy), the Italian Financial Police (Guardia di Finanza) of Treviso carried out searches and seized assets worth up to €486 000, in connection with an investigation into suspected subsidy fraud, embezzlement of public funds, and money laundering.
According to the evidence, two companies applied for funds from the EU’s Recovery and Resilience Facility (RRF) for Italy, intended to support their digital transition. The companies are believed to have submitted false documentation and declarations regarding the existence of operational headquarters in southern Italy, their financial solidity, and their intention to implement the funded projects, which were never started.
Further investigations led to two additional companies and six individuals, with strong links to the above-mentioned companies, that were allegedly involved in similar fraudulent activity. The suspects are believed to have illegally obtained €486 000 in RRF funds, which they diverted from their intended use, laundering a total of €183 000 by paying their debts towards other companies of the criminal association.
The Italian Financial Police (Guardia di Finanza) of Treviso seized financial assets and real estate owned by the suspects and their companies for a value of up to €486 000. The searches were carried out in the provinces of Bari, Barletta-Andria-Trani, Brescia, Treviso and Venice.
All persons concerned are presumed to be innocent until proven guilty in the competent Italian courts of law.
The European Public Prosecutor’s Office (EPPO) is the independent public prosecution office of the European Union. It is responsible for investigating, prosecuting and bringing to judgment crimes against the financial interests of the EU.