Cremona: Public funds diverted to sports clubs: Six people reported.

The military of the Guardia di Finanza Company of Crema, at the end of complex investigations coordinated by the Public Prosecutor's Office of Cremona, they reported six people under various charges physical persons, as legal and de facto directors of various legal entities who, from 2017 to 2020, They allegedly issued invoices for non-existent transactions and used falsified documentation in order to unduly benefit from public resources and significant tax savings.

In particular, the investigations stem from an inspection carried out by the Guardia di Finanza (Fiamme Gialle) against a company operating in the province of Cremona in the public information sector. From 2017 to 2019, the company had received public funds through invoices for transactions deemed objectively non-existent. During the investigations carried out, it emerged that almost all of the aforementioned supplies, equal to approximately €850.000, were transferred to two companies operating in the local amateur sports sector.

From subsequent judicial police investigations carried out by the Guardia di Finanza It has emerged that additional public funds earmarked for the implementation of training projects, amounting to approximately €385.000, obtained from a service company, were not allocated to the purposes required by law.. Furthermore, during the investigations It has been found that the directors of three companies, one of which is under Bulgarian law, They laundered the sums resulting from embezzlement for a total amount of approximately €380.000.

The legal and de facto directors of the companies involved have been reported to the Cremona Public Prosecutor's Office on suspicion of fraudulent tax returns, issuing invoices or other documents for non-existent transactions, money laundering, and embezzlement of public funds.

Finally, tax audits were carried out for the years from 2018 to 2024 towards the two amateur sports clubs that allowed find over two million euros in non-deductible costs, as well as the failure to pay VAT for approximately €200.000 and the issuance of invoices for non-existent transactions for over €820.000.