Massive funding for military buildup raises corruption risks, the head of watchdog OLAF warns
The billions of euros slated by the EU for the build up of weapons factories and procurement of military hardware are a “magnet for the criminals,” according to a senior anti-fraud official.
The EU’s defense industry has issues with “manipulation with public tenders, blown-up prices, clientelism [and] corruption,” European Anti-Fraud Office’s (OLAF) Director-General Petr Klement said as quoted by The Financial Times on Monday.
Brussels is pushing for a rapid military build up financed through borrowing some €150 billion ($176 billion) in preparation…
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