
Athens – A 38-year-old man suspected of orchestrating a significant fraud scheme involving EU funds has reportedly admitted to some allegations during a lengthy session with a European prosecutor, while asserting that “many individuals were involved” in these actions, as reported by the ANA news agency on Monday.
On Wednesday, authorities apprehended thirty-seven individuals linked to a “massive and systematic” fraud operation and “money laundering,” according to the European Public Prosecutor’s Office located in Luxembourg.
The estimated loss to the European budget is around 20 million euros.
Public broadcaster ERT reported that the central leadership of the scheme included the alleged mastermind, his father, his ex-wife, and an employee from a declaration reception center on the island of Crete.
The latter, who has denied the charges, is also currently in pre-trial detention.
Prime Minister Kyriakos Mitsotakis stated on Sunday that he is committed to uncovering the full truth, “regardless of the political cost.” (October 27, 2025)












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