BusinessCompany NewsProdi to boost powers at Olaf

Prodi to boost powers at Olaf

Romano Prodi, president of the European Commission, is proposing to boost the powers of its anti-fraud office as well as set up a new public prosecutor to fight against fraud and accounting irregularities within the EU.

Link: Prodi comes out fighting for Eurostat

Prodi said the EU’s anti-fraud unit, Olaf, did not function properly and he wants to set up a new watchdog in order to avoid a repeat of the Eurostat affair.

According to a report in the Financial Times, Prodi has full confidence in Franz Hermann Bruner, Olaf’s director general. But he believes the body was ‘too leisurely’ in investigating the Eurostat scandal and needs more power and autonomy.

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