flyblue
27th Apr 2005, 14:20
6 ARRESTED IN CONNECTION WITH VOLARE'S FINANCIAL CRASH
(AGI) - Varese, Apr. 27 - This morning, the Financial Police of Varese has carried out a raid leading to the arrest of six people (three house arrests) and a series of home searches throughout Italy in the framework of the inquiry into the financial crash of "Volare Group" led by the Attorney's Office of Busto Arsizio (Varese). The investigations, coordinated by deputy prosecutor Roberto Craveia, have gone on for six months and the results achieved convinced the judge in charge of preliminary investigations, Adet Tony Novik, to sign the restrictive measures called for by chief prosecutor Antonio Pizzi, who recently moved to Monza.
The charges range from fraudulent bankruptcy to false in balance and money laundering. Arrests and searches were carried out in the provinces of Milan, Varese, Vicenza, Rimini and Rome. Overall 24 houses and offices have been searched. So far, 49 executives and managers of "Volare Group" (or other companies somehow related to this group) are reported to have received notices of indictment. Volare's bankruptcy was declared in late 2004. The charges refer to the period 2'001-2004. A press conference is scheduled to be held at the Attorney's Office of Busto Arsizio at 11am.. (AGI) .
27 APR 05
(AGI) - Varese, Apr. 27 - This morning, the Financial Police of Varese has carried out a raid leading to the arrest of six people (three house arrests) and a series of home searches throughout Italy in the framework of the inquiry into the financial crash of "Volare Group" led by the Attorney's Office of Busto Arsizio (Varese). The investigations, coordinated by deputy prosecutor Roberto Craveia, have gone on for six months and the results achieved convinced the judge in charge of preliminary investigations, Adet Tony Novik, to sign the restrictive measures called for by chief prosecutor Antonio Pizzi, who recently moved to Monza.
The charges range from fraudulent bankruptcy to false in balance and money laundering. Arrests and searches were carried out in the provinces of Milan, Varese, Vicenza, Rimini and Rome. Overall 24 houses and offices have been searched. So far, 49 executives and managers of "Volare Group" (or other companies somehow related to this group) are reported to have received notices of indictment. Volare's bankruptcy was declared in late 2004. The charges refer to the period 2'001-2004. A press conference is scheduled to be held at the Attorney's Office of Busto Arsizio at 11am.. (AGI) .
27 APR 05