A Cypriot Member of the European Parliament (MEP), Fidias Panayiotou, is reportedly under scrutiny by the European Public Prosecutor's Office (EPPO). The investigation is reportedly focusing on allegations that EU funds designated for parliamentary office expenses were improperly diverted. This probe has also apparently attracted the attention of the European Anti-Fraud Office (OLAF), indicating the seriousness of the claims.
Reports emerged this week detailing accusations against Panayiotou, a well-known influencer who recently gained a seat in the European Parliament. The core of the allegations suggests that a villa or apartment rented in Limassol, Cyprus, at a substantial monthly cost of approximately €5,000 to €6,000, was falsely presented as official parliamentary office space. Further claims also point to potential irregularities in the financing of his "Direct Democracy" party's application process, purportedly involving EU resources.
Initial complaints, reportedly lodged with Cypriot anti-corruption authorities a month or two before the investigation became public, have now been escalated to European judicial bodies. It is understood that the European Chief Prosecutor, Laura Kovesi, may have urged for an expedited investigation. This would allow for a conclusion before the upcoming parliamentary elections scheduled for May in Cyprus. Panayiotou himself has acknowledged this timing, suggesting potential politically motivated leaks intended to influence the election results.
When asked for comment, Panayiotou stated he had no official information about being the subject of an investigation. He subsequently directed further inquiries to the EPPO's press services. This approach appears to be a strategic decision to await official notification while preparing to address the matter publicly. Panayiotou has announced his intention to release a video addressing the allegations in the near future.
The EPPO-led investigation highlights the robust oversight mechanisms designed to protect the financial integrity of the European Union. The involvement of OLAF, an agency dedicated to combating fraud against the EU's financial interests, underscores the gravity of the situation. If substantiated, the alleged misuse of funds would represent a significant breach of trust and a potential violation of regulations governing public money allocated to elected officials.