Milano, 5 million euros seized for fraudulent bankruptcy.

The financiers of the Provincial Command of Milano have arrested un entrepreneur originally from Carpi (MO), resident in Romania, and have seized preventively 5.403.106 Euros.

The Guardia di Finanza carried out searches on the orders of the Judicial Authority. Cash for over 50 thousand euros and fine watches, which have been subjected to seizure.

The measures are the result of an investigation carried out by the Economic and Financial Police Unit of Milano which was supposed to verify whether the suspect, former director of a logistics consortium based in Milano, had embezzled funds from the company, which was declared into liquidation in 2023 by the Bankruptcy Court.

The investigations revealed that, from 2015 to 2021, the suspect depleted the coffers of the logistics consortium, maliciously causing its insolvency. The suspect he stole money from company bank accounts for personal purposes, such as private jet charter and high-powered cars, the purchase of tickets for football matches, jewelry purchase and overnight stays in extra luxury hotels. Furthermore, failed to pay taxes and contributions for over 2,5 million euro.

Finally, shortly before the ruling declaring the liquidation, the entrepreneur requested and obtained a 600 thousand euro financing, issued by the Central Guarantee Fund, never returned.