Belgian authorities have launched an investigation into the sale of 23 properties by the European Union to the Belgian government, which included a police raid on Commission offices. The investigation, reported by the Financial Times and overseen by the European Public Prosecutor's Office, is focusing on potential irregularities linked to the 2024 sale, which was valued at 900 million euros. This incident raises serious questions regarding the compliance with EU's fiscal regulations during the sale process.

The properties were purchased by the Belgian state investment fund, SFPIM, under the assertion from the European Commission that the transaction adhered to proper competitive procedures as dictated by EU financial regulations. Despite the ongoing investigation, the Commission expressed confidence in the legitimacy of the sale process, maintaining that it was conducted in accordance with the rules.

This event could have significant implications for the credibility of the European Commission and its internal governance frameworks. Given that the properties were sold at a substantial price, the scrutiny surrounding the sale could provoke discussions on transparency and accountability in EU financial dealings, particularly with member states. As the investigation unfolds, stakeholders within the EU and beyond will be closely observing how this situation is handled and what resultant measures might be introduced to prevent similar occurrences in the future.