€55M Seized in EU Solar Subsidy Fraud Probe
Italian and Dutch authorities seize €55M in assets in April 2026 probe into alleged solar subsidy fraud and public fund misuse.
Italian and Dutch authorities have seized more than €55 million in assets during a major investigation into the alleged misuse of public funds linked to solar energy projects in Italy.
The operation, coordinated by Eurojust, focused on a company based near Milan and its Dutch parent company, both suspected of fraudulently obtaining public subsidies connected to solar power plants in southern Italy.
Investigators allege the suspects submitted false documentation to make it appear that three large-scale solar plants in the Caserta area had been completed before a regulatory deadline, allowing them to improperly claim financial incentives and public funding benefits.
The coordinated action day took place on April 23, 2026, involving Italian prosecutors, the Guardia di Finanza’s Economic Financial Department in Bari, and Dutch financial crime authorities. Assets seized included cash, properties, and other holdings matching the estimated profits generated through the alleged scheme.
Authorities said cooperation between Italy and the Netherlands helped investigators determine that the Dutch parent company may also bear liability because the alleged offences were believed to have benefited both companies and their directors.
Officials described the case as another example of increasing cross-border cooperation against complex financial crimes involving European public funds and subsidy programs. The investigation remains ongoing.
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