Brussels to reclaim €414 million of misspent CAP funds
Wednesday February 27 2013
The European Commission is to claim back a total of €414 million of wrongly-used CAP funds from EU member states under the 'clearance of accounts' procedure, with the UK handed the biggest penalties.
Money from 22 countries - Austria, Portugal, Luxembourg, Latvia and Estonia aside - will go back to the EU budget, with London fined €111.7m for "weaknesses" in the Land Parcel Identification and Geographic Information Systems (LPIS-GIS), processing of applications, administrative cross checks and on-the-spot controls on area aid.
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