The European Anti-Fraud Office, or by its French abbreviation OLAF, released its annual report, which indicates that Hungary has the most financial irregularities of any EU member state this year. OLAF is certified and tasked with investigating fraud and corruption with the EU budget within the European constitution and is also responsible for creating anti-fraud legislation and policies.
Between for years of 2015 to 2019, OLAF carried out 235 investigations in total. These investigations' purpose was to look into the misuse of European Structural and Investment Funds with the recommendation that the European Commission recovers 0.36 percent of the total funding due to irregularities.
After the investigation, it was concluded that Hungary was the worst country in financial irregularities. The country experienced 43 probes, and the recovery rate was way higher than the rest of the members – up to almost 4 percent. To compare this number, the second-highest recommended recovery rate was 0.53 by Slovakia. Hungary was 400 percent above the recommended recovery rate.
Hungary commented on the situation by blaming the policies initiated by the preceding socialist government, such as the Metro 4 project in Budapest, which has stirred up controversy amid the allegations of corruption.
Infographic by: statista