Greece Investigates Alleged €500 Million Overspending on Smart Water Meter Projects
Greece's National Transparency Authority (EAD) is conducting an investigation into claims that up to €500 million in European Union development funds designated for smart water meter projects were misused. The inquiry focuses on potential financial irregularities related to the deployment and management of these smart meters.
The funds in question were intended to modernize Greece's water infrastructure, improving efficiency and reducing waste through advanced metering technology.
Key Points
- The investigation covers suspected overspending and misuse of allocated EU funds.
- The smart water meter projects aimed at enhancing water management across the country.
- Overspending allegations could impact EU funding oversight and trust in national project administration.
"The probe aims to ensure transparency and protect public resources from mismanagement," an EAD spokesperson said.
The investigation reflects increasing scrutiny over how large infrastructure funds are managed, highlighting the need for accountability in public projects.
This case underscores the importance of robust oversight mechanisms to prevent financial misconduct in critical infrastructure investments.
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