Former European Investment Bank head Werner Hoyer in EU corruption probe

LONDON/BRUSSELS, June 24 (Reuters) – The former president of the European Investment Bank, Werner Hoyer, is under investigation for corruption and abuse of influence, as well as the misappropriation of EU funds, allegations the 72-year-old said were “absurd”.

The European Public Prosecutor’s Office, which polices EU funding misuse cases, announced the investigation on Monday, saying the EU’s lending arm had accepted its request to lift immunity on two of its former employees and to have its offices searched.