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nine persons are suspected of embezzling 4 million EUR – part of them from the Lithuanian budget
According to the data of the pre-trial investigation, the suspects may have sought to fraudulently obtain EU and Lithuanian budget funds allocated under the 2014-2020 EU fund investment program measures. It is suspected that individuals used 8 companies, some of which do not carry out any activity, and submitted 4 applications for financing to the Innovation Agency of VšĮ on behalf of two legal entities.
After the approval of the projects, individuals may have acted according to an identical scheme – in order not to contribute to the purchase of equipment with their own funds, they used related companies, simulated mutual transactions and made payments in a circle, thus hiding the real value of the purchase of equipment for the implementation of the projects, artificially raising the prices of the equipment and creating the impression that the projects the executors must contribute to the implementation of the projects with the remaining part of the funds.
By acting in this way, the persons allegedly fraudulently obtained over 3 million. EUR funds, which is possibly more than the cost of the equipment specified in the projects.
During the pre-trial investigation, it was possible to identify the fourth project. By using the same scheme, individuals may have gained almost another 1 million. euros.
In order to gather as much evidence as possible, FNTT officers conducted 40 searches throughout Lithuania. During them, over 20,000 documents and media important for the investigation were taken. EUR cash.
Nine natural persons have been charged with fraud of a very high value, two of them have been arrested, two are under intensive supervision, and the issue of the responsibility of two legal entities is being resolved.
Currently, a temporary restriction of property rights is applied to real estate of suspects and cash funds of natural persons in bank accounts. The value of the restricted property fully covers the security of a potential civil claim. The pre-trial investigation continues.
The Criminal Code stipulates the harshest punishment for fraudulently acquired foreign property of very high value – imprisonment of up to eight years.
nine persons are suspected of embezzling 4 million EUR – part of them from the Lithuanian budget
The EC proposed to limit access to investments in the EU for foreign companies
– 2024-04-27 01:28:05
/ world today news/ The European Commission proposed to limit the access of foreign state-owned companies and enterprises that receive large foreign state subsidies to tenders and large investments in EU countries. This was stated in Brussels on Wednesday by the deputy head of the European Commission, Margrethe Vestager, presenting the EC’s proposals for finalizing the EU’s Industrial Strategy.
“The EU has very strict regulations on the granting of state aid to European companies. Therefore, we must protect the European market from foreign companies receiving significant state subsidies. These companies must be obliged to notify us at the European Commission of their state funding and we will take decision whether to admit them to transactions. If they withhold information or provide false data, they will be deprived of the opportunity to participate in transactions, “she said.
“We are certainly open to all companies, but we must be able to intervene in case of excessive influence of foreign subsidies in the specific transactions of our market,” said Thierry Breton, European Commissioner for the Internal Market.
Standards for correcting distortions in the EU Single Market
As part of the renewal of the EU Industrial Strategy, the European Commission proposed the adoption of the so-called Regulation to correct distortions in the EU’s single market resulting from the impact of foreign state subsidies.
Within the framework of this mechanism, the European Commission intends to check for the presence of foreign state subsidies, first, the merger or acquisition transactions of European companies, if their annual turnover exceeds 500 million euros and if the amount of foreign investment in the transaction is at least 50 million euro.
In second place are tenders in the field of public procurement in EU countries, if the amount of the offer involving foreign players exceeds 250 million euros. Thirdly, any other transactions and other “market situations” in which the European Commission will be able to “independently” launch” an investigation of foreign actors for obtaining state aid for them.
In the first two categories, where specific financial thresholds are set, foreign companies will have to independently notify the European Commission if they have received state subsidies from non-EU governments. Without the conclusion of the European Commission, such a deal cannot be completed.
Now this proposal of the European Commission will have to be discussed by the EU countries, after which it has to be approved by the Council of the EU.
Dependence on the import of high-tech products
According to the proposals, the European Union should explore the possibilities of reducing its strategic dependence on the import of high-tech products, energy resources and ingredients for the pharmaceutical industry. “The EU is the largest exporter and importer, but the pandemic has highlighted numerous areas where the EU is strategically dependent on imports. Correcting this situation will make our single market more resilient,” Vestager said.
According to research conducted by the European Commission, out of 5,200 categories of goods imported into the EU, the community is “heavily dependent” on imports of 137 categories, which together represent 6% of European imports. The European Commission noted that the European Union depends on the import of high-tech products, energy resources, ingredients for the developed European pharmaceutical industry.
It was with the shortage of medicinal ingredients that the pharmaceutical companies explained their inability to fully fulfill the contracts for the supply of vaccines against the coronavirus to the EU countries.
In these areas, the EC proposes to further diversify foreign supply chains, as well as to tackle import substitution, in particular through the creation of industrial alliances aimed at making up for the deficit of the EU’s own production on its territory or abroad, for enterprises , controlled by European business.
Translation: V. Sergeev
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The EC proposed to limit access to investments in the EU for foreign companies – 2024-04-27 01:28:05