Chamber of Commerce faces allegations of EU funds fraud

16-01-2014

The Czech Chamber of Commerce faces allegations of fraud over applications for EU funds. The European Anti-Fraud Office, or OLAF, found that the Chamber falsified the signatures of people who it said would work on the administration of EU grants and also submitted fake declarations to secure funding, Czech Radio reported quoting sources in Brussels. The Czech Chamber of Commerce has appealed against OLAF’s findings but said it would fully cooperate in the investigations. The European Commission has also criticized the Chamber’s role in supervising a Czech programme encouraging the take up of research and innovation which provided funding to several of its member companies.