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Hungary fishy firms try tapping EU funds

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Published: Dec. 28, 2007 at 1:09 PM

BUDAPEST, Hungary, Dec. 28 (UPI) -- Hungarian companies conducting dubious business have had little, if any, success in taking part in European Union-funded projects to launder money.

Laszlo Ferenczi, retired chief of the Hungarian anti-mob government center, boasted that no known criminal group has managed to cut into EU funding, the Hungarian news agency MTI reported Friday.

Hungarian firms with reported links to organized crime tend to steadily bid for projects that are supported by EU funding, Ferenczi, who retired this month, told the Budapest national daily Nepszabadsag.

Some criminal groups aim at EU-supported projects as good opportunities for laundering money, he said.

The anti-mob center, formed in 2001, has been warning Hungarian decision-makers when dubious companies submit bids to a tender. The center studies information it receives from various investigation institutions.

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