Swiss national under investigation for fraudulent bankruptcy in Italy

The Guardia di Finanza (Italy’s financial police) is investigating a Swiss national and three other individuals for fraudulent bankruptcy. As a precautionary measure, a court in Rimini has ordered the confiscation of 41 properties, including offices, industrial plants and land worth € 17 million (CHF16 million). +Get the most important news from Switzerland in your inbox The four suspects include three financial advisors with offices in Switzerland and the United Arab Emirates. They also have multiple offices around Italy, including in Rome, Rimini and Cosenza. The investigations led to the disruption of a criminal plan aimed at stealing the entire real estate assets of a company in Rimini which is currently undergoing judicial liquidation. The company in question, Melograno, operates in the wholesale trade of fruit and vegetables for large-scale distribution companies. +France and Switzerland play hot potato over taxes Melograno is a historic company from Santarcangelo founded in ...