Italian Police Reveal Scale of Fraud in Public Contracts

April 8, 2015 12:49 PM

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Italy's financial police have released sobering statistics about the state of fraud and corruption in Italy's public sector: Of the 4.6 billion euros ($5 billion) worth of public contracts checked last year, they found 1.5 billion euros in fraud and 2.6 billion euros wasted.

The financial police released their annual report for 2014 on Wednesday, saying they had made police reports against 3,700 people for crimes against public administration.

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