Cimos agrees to pay fine for 2011 fraud and money laundering

Koper, 14 May - Car industry supplier Cimos will pay a fine of EUR 180,000 for fraud and money laundering in 2011 when it received EUR 3.2 million in EU and state funds for new machines while it only refreshed the old ones with fresh paint. Cimos did return the unlawfully obtained money several years ago but the retrial only ended on Tuesday.