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Lyon-Turin rail project: EU starts investigation into fraud allegation

  • The European Union (EU) has launched a probe into the Lyon-Turin rail project following allegations of misspending by Green MEPs (Member of the European Parliament).

    Olaf, the anti-fraud office of the EU, said that the investigation would examine if “any fraud or irregularity” took place that could “prejudice the EU's financial interests”.

    According to a 2012 estimate by the French Court of Auditors, the total cost of the high-speed train project would rise to $29 billion.

    Green MEPs allege that the project is a waste of public money.

    Tagged as: European Union, EU, probe into, Lyon-Turin rail project, Green MEPs, Olaf, anti-fraud office, high-speed train project, business news