• ArcelorMittal: suspended plant shutdown pending the sentence of the Court of Milan
  • ArcelorMittal, former Ilva Commissioners: "From the group violence and threats"
  • ArcelorMittal. Pm Taranto investigates for destruction of means of production. Investigation also in Milan
  • ArcelorMittal filed the contract withdrawal contract in court

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November 19, 2019The financiers of the Guardia di Finanza of Taranto are carrying out checks at the headquarters of ArcelorMittal Italia in the former Ilva steel plant. Among the accounting documents that the Gdf of Taranto is acquiring in the offices of the ArcelorMittal steel plant, upon delegation of power of attorney, there are those concerning the purchase of raw materials and the sale of finished products, considering the huge losses reported by the multinational company compared to the commissioner management. The investigation is coordinated by the prosecutor of Taranto, Carlo Maria Capristo, with the addition of Maurizio Carbone and the prosecutor Mariano Buccoliero

Yesterday the company announced a step backwards in extinguishing the blast furnaces until the hearing at the Milan court set for November 27th. And on Friday a new meeting is scheduled between Prime Minister Conte and the property of the French-Indian multinational

The prosecutor: "Distract the assets of the bankruptcy of Ilva"
In addition to the informative advisory, that is to the false communications to the market, in the Milanese inquiry on the farewell of ArcelorMittal to the Ilva the prosecutors dispute the crime of distraction of assets of the bankruptcy. investigators today are also hearing witnesses in the investigation and documents are also being acquired by investigators. At present the file with the hypothesis of a crime is charged to unknown persons.

The deputy prosecutor Maurizio Romanelli and the prosecutors Stefano Civardi and Mauro Clerici, in the dossier opened a few days ago, object to alleged false communications to the market, that is the informative offer, and also the crime provided for by article 232 of the bankruptcy law, namely the distraction of goods and resources without the help of the bankrupt and after a failure, the one in this case that concerned Ilva in the past years.

The law, in fact, punishes "with imprisonment from one to five years anyone, after the declaration of bankruptcy, out of the cases of competition in bankruptcy or abetting, subtracts, distracts, prescription or in public or private declarations dissimulates assets of the bankrupt" .

In essence, the investigators aim to verify if managers and managers of the group with their conduct have removed and distracted assets and resources from the bankrupt Ilva, after they started to manage it with the lease, a contract from which they asked to withdraw by giving also the start to the civil case. The informative market disputes, on the other hand, focuses on some press releases issued by ArcelorMittal and which would have had effects on the market, effects in this case on foreign markets where the parent company of the Indian franc company is listed. Meanwhile, in the office of public prosecutor Civardi investigators are listening to people informed of the facts, continuing the work already begun yesterday with the listening of executives of the extraordinary administration of the former Ilva.