NEWS

Gang promising EU funds for cash shut down

Economic Police officers on Tuesday arrested four people -- three men and one woman aged between 33 to 52 years old -- on suspicion for belonging to a gang that promised businessmen and ordinary citizens access to government and European Union funding in exchange for money.

Members of the racket allegedly posed as ministry employees, civil engineers and architects, approaching their victims with a proposal that they could secure sizable amounts of funding for projects such as business expansion, farming and fishing equipment purchases and photovoltaic panel installations.

Investigating officers believe that the gang has been running the scam for at least two years and has succeeded to extract over 350,000 euros from its victims.

The four suspected racket members were arrested in various parts of Attica on Tuesday and will be facing a prosecutor on felony charges.

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