Feb 13 • 14:11 UTC 🇩🇪 Germany FAZ

Real Estate Deal: The EU Commission is Under Investigation

The EU Commission is being investigated by Belgian authorities concerning a massive real estate deal involving the sale of 23 buildings to a Belgian state fund.

The European Commission has come under scrutiny from Belgian investigators related to a substantial real estate transaction involving the sale of 23 buildings to the Belgian sovereign wealth fund. This investigation was prompted by the European Court of Auditors, which noted inconsistencies in the deal's execution. In an effort to gather evidence, Belgian investigators from the Central Office for Corruption Prevention, mandated by the European Public Prosecutor's Office, visited the EU Commission to collect pertinent information about the ongoing investigation.

This inquiry centers around a real estate deal dated 2024 that has raised eyebrows for its legality. A spokesperson for the EU Commission has confirmed the nature of the investigation but expressed optimism regarding the proper conduct of the transaction. However, doubts regarding the deal's legitimacy have been circulating for some time, indicating that concerns were present before this investigation commenced.

The implications of such investigations could be significant for the EU Commission as they may affect its credibility and operations, particularly in the realm of transparency and ethical governance. The outcome of these inquiries may also set precedents for future dealings and accountability measures within EU institutions, highlighting the necessity for rigorous oversight to prevent similar controversies in the future.

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