Italy seeks senator, businessman in crackdown on money laundering ring

on Wednesday, April 21, 2010
Italian anti-Mafia authorities have issued arrest warrants for a businessman and a senator with Premier Silvio Berlusconi's party in a crackdown on an alleged money laundering ring.

Anti-Mafia prosecutor Piero Grasso said Tuesday that 56 suspects are being sought in Italy and abroad, including in Britain, Switzerland and Panama. He said the group is suspected of fraud and laundering more than 2 billion euros (¤2.7 billion).

Among those sought is Silvio Scaglia, the founder of Italian broadband provider Fastweb SpA, which has been bought by Swisscom AG, and the founding shareholder of the Internet company Babelgum.

Scaglia's lawyer Pier Maria Corso issued a statement denying the allegations against his client, and saying that Scaglia is out of Italy on business.

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