EU Launches Corruption Investigation into Vasiliko LNG Terminal
The EU’s European Public Prosecutor’s Office (EPPO) is investigating allegations of fraud, corruption, and misappropriation of EU funds in the construction of the Vasiliko LNG terminal in Cyprus, prompted by concerns raised by the Audit Office over procurement and execution processes. The probe reflects the severity of the allegations and the EU’s commitment to ensuring the integrity of its funded projects, with Cyprus pledging full cooperation in the investigation to uphold transparency and accountability.