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Follow the Money EU

@FTM_eu

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Our independent newsroom digs deeper and uncovers the stakes. No longer active here. Follow us at: https://t.co/yPB5dyYIgG

Amsterdam
Joined June 2021
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@FTM_eu
Follow the Money EU
8 months
Airlines worldwide are showing keen interest in Guyana. The reason? The country has become the first nation to receive approval to sell carbon credits to airlines under a U.N. scheme—helping them offset their emissions. But is the plan too good to be true?
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The South American nation of Guyana recently became the first country to offer carbon credits to airlines under a U.N. scheme to cut emissions in the aviation sector. Yet the effectiveness of the...
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@FTM_eu
Follow the Money EU
8 months
Starting a job at a company that borrows money from the bank you just left? At the European Investment Bank, that’s business as usual. Our analysis exposes the revolving door between the EIB and companies – and the conflicts of interest that come with it.
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Five out of ten members who left the European Investment Bank’s key decision making body since January 2019 have been involved in revolving doors scandals. The bank has not sanctioned any of them....
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@FTM_eu
Follow the Money EU
8 months
The Commission has approved ex-Commissioner Mariya Gabriel's new job as president of the Robert Schuman Institute, the institute informed us. The decision did not reference the fact that she submitted her application late, as we revealed in our article.
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Former European Commissioner Mariya Gabriel has started work as the head of an EPP-linked educational institute without following EU rules designed to prevent conflicts of interest. The institute...
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@FTM_eu
Follow the Money EU
8 months
Governments are twisting international rules against dirty money to silence critics like NGOs or journalists. Weak oversight and vague rules make abuse easy. It’s most common in places with poor human rights records, but it doesn’t stop there…
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More than 175 nations share their financial intelligence in the fight against dirty money and terrorist financing. Yet dozens of governments have been found to abuse anti-money laundering rules to...
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@FTM_eu
Follow the Money EU
8 months
With fake Tinder accounts, we managed to track the movements of hundreds of Western soldiers. How? Due to a design flaw in the dating app, it is surprisingly easy to follow them and obtain personal details about their lives – a goldmine for foreign spies.
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An investigation by Follow the Money identified the Tinder accounts of hundreds of soldiers in Europe, including many Americans. Through their dating app profiles, FTM was able to find out personal...
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@FTM_eu
Follow the Money EU
8 months
The EU promised a revolution: less red tape for companies. A pledge repeated for decades – but never actually delivered. Here are seven reasons why the EU can’t break free from its bureaucratic mess.
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European leaders have been promising for decades to cut red tape for companies. In the latest such pledge, a “simplification revolution” was announced at a recent EU summit. But how likely is this...
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Follow the Money EU
8 months
RT @simonvandorpe: 🔥 Over the past 5 months, I have been intensively scrutinizing the @EIB, after news broke that former President Werner H….
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The most important bank of the European Union is plagued by scandals. A Follow the Money investigation reveals how in the top management layers of the European Investment Bank a toxic culture of...
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@FTM_eu
Follow the Money EU
8 months
Cover-ups, toxic favouritism, luxury cars. Europe’s biggest public bank is plagued by scandals. Our investigation into the European Investment Bank (EIB) reveals its dirtiest secrets – all under the reign of one man: former president Werner Hoyer.
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The most important bank of the European Union is plagued by scandals. A Follow the Money investigation reveals how in the top management layers of the European Investment Bank a toxic culture of...
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@FTM_eu
Follow the Money EU
8 months
And suddenly, Shell entered the manure business. The oil giant spent nearly €2 billion on a fertiliser company. But why on earth is Shell dealing with poop? Turns out it helps make its liquefied fossil gas look greener than it is – thanks to EU rules.
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Under EU law, liquified natural gas can be labelled as ‘green’ if it is offset by renewable gas production elsewhere. Shell is positioned to take advantage of this rule through a trade scheme...
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@FTM_eu
Follow the Money EU
8 months
UPDATE: Fresh details are surfacing in the Didier Reynders money laundering case we uncovered this week. @RTBF reports that the former EU justice chief may have laundered around €1 million.
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Follow the Money and Le Soir revealed on Tuesday that former EU justice chief Reynders is under investigation by the Belgian authorities for suspicions of money laundering. Here are the five latest...
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@FTM_eu
Follow the Money EU
8 months
SCOOP: Italian bank UniCredit is allegedly tied to a major money laundering scheme via its German branch. Authorities raided its Munich office on Friday in a probe into a multi-million VAT fraud.
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European prosecutors accuse Italian bank Unicredit of laundering vast amounts of cash originating from alleged VAT fraud through its German branch, a source with direct knowledge of the matter told...
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@FTM_eu
Follow the Money EU
8 months
Stellantis, the company that makes Jeep, Fiat and Citroën, was hit with massive fines in the US for using devices to trick emissions tests. Though charges were also filed in Europe, the company has quietly escaped prosecution. FTM found out what happened.
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Stellantis – the company that manufactures Jeep, Fiat and Citroën – was fined hundreds of millions of dollars in the US for using defeat devices to trick emissions tests. But in Europe, Follow the...
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@FTM_eu
Follow the Money EU
8 months
Former EU justice chief Reynders is under investigation on suspicions of money laundering, FTM and Le Soir revealed yesterday. So far, both Reynders and prosecutors have remained tight-lipped. Here is the latest you need to know.
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Follow the Money and Le Soir revealed on Tuesday that former EU justice chief Reynders is under investigation by the Belgian authorities for suspicions of money laundering. Here are the five latest...
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@FTM_eu
Follow the Money EU
8 months
SCOOP: Reynders was the EU justice chief until last Saturday – he is now under investigation for money laundering. For years, he allegedly bought lottery tickets with dubious money to launder the profits back into his account, FTM and Le Soir revealed.
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Didier Reynders, until last Saturday the European Commissioner for Justice, is suspected of money laundering by the Belgian police. For about five years, Reynders allegedly bought lottery tickets...
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@FTM_eu
Follow the Money EU
8 months
European eels are an endangered species, yet fishing continues despite clear scientific advice to stop. Why? A lobby group claiming to protect eels seems more focused on safeguarding the industry – and seemingly convinced the EU to ease restrictions.
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The NGO Sustainable Eel Group says it’s there to protect the eel. But in reality, it’s much more keen on protecting the sector’s interests rather than that of the eel – and seem to have successfully...
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@FTM_eu
Follow the Money EU
8 months
Reynders was the EU’s Justice Commissioner until last Saturday – he is now under investigation for suspected money laundering, FTM and @lesoir revealed. For years, he allegedly used dubious money to buy lottery tickets from the National Lottery.
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Didier Reynders, until last Saturday the European Commissioner for Justice, is suspected of money laundering by the Belgian police. For about five years, Reynders allegedly bought lottery tickets...
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@FTM_eu
Follow the Money EU
9 months
Former Commissioner Mariya Gabriel proudly shared on social media she started a new job but skipped one key step: the Commission’s approval to avoid conflicts of interest. She informed the Commission about it after we started asking questions. Coincidence?
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Former European Commissioner Mariya Gabriel has started work as the head of an EPP-linked educational institute without following EU rules designed to prevent conflicts of interest. The institute...
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@FTM_eu
Follow the Money EU
9 months
Prigozhin’s rebellion last year gripped the world. Weeks after his failed march on Moscow, the Wagner group leader was dead. In an interview with FTM, Kremlin expert Anna Arutunyan reveals his fate could still challenge Putin – even from beyond the grave.
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Mercenary leader Yevgeny Prigozhin headed for Moscow with his Wagner group last year and paid for that mutiny with death. In her new book, Kremlin expert Anna Arutunyan analyses his rise and fall....
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@FTM_eu
Follow the Money EU
9 months
When you see a ‘sustainable’ label on fish, you probably assume it’s better for the planet. But that’s not always true. Our investigation reveals farmed salmon sold as ‘sustainable’ in European supermarkets is damaging Chilean protected nature reserves.
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Shoppers who seek out a ‘sustainable’ label when they buy salmon from European supermarkets might well believe they are paying a premium to protect the environment. But fish carrying this certifica...
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@FTM_eu
Follow the Money EU
9 months
The war in Ukraine isn’t just about trenches and long-range missiles – it’s fought in boardrooms too. This battle is just as important, argues US-British journalist Stephanie Baker in Punishing Putin. But how effective is this ‘economic warfare’?
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Journalist Stephanie Baker has written a detailed book about the West's “economic warfare” against Russia, which she believes is just as important as the war being fought on the ground. But are the...
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