Luxembourg's Housing Fund managed to recover around 80% of the money that had been transferred to a scammer's bank account in Poland.

As reported in an earlier article, the money had been intended for a Luxembourgish construction company. The fund then received an English email explaining the company had moved its bank account to Poland. The email requested that €850,000 be transferred to the Polish account - which the Housing Fund proceeded to do.

According to Housing Fund spokesperson, the Housing Fund now managed to recover approximately €650,000 of the €850,000. It remains unclear whether or not the remaining money will also be recovered.

The spokesperson stressed that the procedures were ongoing.