Corruption, president of the Florence builders association arrested
Corruption, bribes in major works: dozens of arrests
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17 November 2016 The financiers of the Milan tax police unit with the 'refugium peccatorum' operation are carrying out the notification of the notice of conclusion of the investigations issued by the Milan Public Prosecutor's Office against 25 subjects, under various investigations, for association with crime aimed at fraudulent bankruptcy as well as for money laundering, false invoicing and auction disruption.
The investigations, directed by the deputy public prosecutor at the Court of Milan, Bruna Albertini, made it possible to ascertain a series of illegal conduct aimed, initially, at concealing the state of insolvency of a series of important companies attributable to the same team owner and active in the major road works sector and, subsequently, to distract, again with fraudulent methods, the major activities from bankruptcy management, for an amount of over 11 million euros.
During the investigative activities that lasted over two years, it was ascertained that, in order to alter the physiological unfolding of the bankruptcy procedure, the criminal association - also with the involvement of certain professionals - simulated acts of sale and offsetting of accounting items at the purpose of draining means and financial resources from the bankruptcy procedure, also through the use of invoices for non-existent transactions.
In this context, the alteration of the conduct of the auction-based tender for the assignment of some assets subject to seizure was also noted as well as the fictitious heading of the ownership of the assets to subjects apparently unrelated to the company in order to protect them from any legal assaults.
During the investigations, capital goods (including several vehicles of considerable value) and properties belonging to the failed companies were seized.