Fraud in the shipbuilding sector in Vibo, three precautionary measures and seizure of 700 thousand euros


By John

The Economic and Financial Police Unit of the Guardia di Finanza of Vibo Valentia executed an order for the application of precautionary measures, issued by the local Court, against three people. The provision concerns the temporary ban on carrying out entrepreneurial activity for 6 months and the seizure of movable and immovable property of the business portfolio of a company operating in the shipbuilding sector worth several million euros, as well as a sum of almost 700 thousand euros in illicit profits.

Illicit conduct

The investigations, coordinated by the Public Prosecutor’s Office of Vibo Valentia led by the Prosecutor Camillo Falvo, carried out as part of the activities to combat economic crimes, have ascertained the use of the company for purposes unrelated to the social interest against 3 perpetrators , diverting financial resources equal to the seized sum from the company assets, with the diversion of company assets, trademark and goodwill in favor of a new company, subtracting them from the debt exposure towards the treasury for approximately 4 million euros and towards the employees for around 200 thousand euros.

The crime of self-laundering

The suspects were also charged with the crime of self-laundering, through the use of sums illicitly stolen from the bankrupt company for the purpose of investing in the creation of a debt-free company operating in the same sector and in the same premises.