MP from Porto files charges for fraud of 1.2 million

The Porto Public Prosecutor's Office has charged eight individuals and two companies with fraud related to European funds and money laundering, allegedly yielding over 1.2 million euros in profit. The accused formed two companies based in Maia and applied for European funding projects, misrepresenting their financial status and creating fictitious billing circuits to support reimbursement requests. The crimes occurred between 2010 and 2013, resulting in undue financial advantages totaling 1,265,755.78 euros, which the Prosecutor's Office seeks to have declared lost to the state. Additionally, they request accessory penalties prohibiting the accused from receiving subsidies or grants.