Cyprus’ much-delayed €542m ($587m) floating storage and regasification unit-based import terminal project is to be investigated by the European Public Prosecutor’s Office (EPPO) as the FSRU for the development languishes in China.
The independent office of the European Union, which investigates and prosecutes crimes against the financial interests of the EU, said it has opened an investigation into the Vasilikos terminal project on suspicion of “procurement fraud, misappropriation of EU funds and corruption”.
