1 Updates
Italian official held for 10-mn-euro graft
Photo Credit: Pool, Getty Images

Italian official held for 10-mn-euro graft

Jun 14 2013, 9:24pm CDT | by

Rome, June 15 (IANS/AKI) A former senior official in the Italian government has been arrested on suspicion of embezzling 10 million euros of interior ministry funds, police said.

Rome, June 15 (IANS/AKI) A former senior official in the Italian government has been arrested on suspicion of embezzling 10 million euros of interior ministry funds, police said. Francesco La Motta...

Filed under: news

Full Story below YouTube Videos

 
 

 

43 weeks ago

Italian official held for 10-mn-euro graft

Jun 14 2013, 9:24pm CDT | by

Rome, June 15 (IANS/AKI) A former senior official in the Italian government has been arrested on suspicion of embezzling 10 million euros of interior ministry funds, police said.

Rome, June 15 (IANS/AKI) A former senior official in the Italian government has been arrested on suspicion of embezzling 10 million euros of interior ministry funds, police said.

Francesco La Motta was the director of the interior ministry's Religious Buildings Foundation between 2003 and 2006. The foundation administers more than 700 Catholic churches and museums and books and works of art contained in them.

Prosecutors are probing La Motta for allegedly transferring into a Swiss bank account the 10 million euros earmarked for preservation of churches and cultural assets.

The Swiss bank account was later emptied, prosecutors said.

Former banker Klaus Beherend, cinema producer Eduardo Tartaglia and broker Rocco Zullino were also arrested Friday in connection with the probe, police said.

La Motta is also at the centre of a separate judicial probe in Naples into alleged money-laundering by the local mafia or Camorra. Judges have so far seized a billion euros of assets from the Polverino crime family.

--IANS/AKI

pm/

IANS

Source: IANS

 

Don't miss ...

 

<a href="/latest_stories/all/all/8" rel="author">Luigi Lugmayr</a>
Luigi is the founding Chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.

 

blog comments powered by Disqus

Latest stories

Ukraine Crisis and Asylum Seekers
Ukraine Crisis and Asylum Seekers
Law Office of Alena Shautsova, a New York Immigration law firm located in Brooklyn , provides the full spectrum of immigration services including consultations regarding immigration benefits for citizens of troubled territories.
 
 
Major Efforts to Mitigate Climate Change Well Under Way in Europe
Major Efforts to Mitigate Climate Change Well Under Way in Europe
Responding to the UN report on climate change mitigation, European innovators working across a range of climate innovation disciplines are stressing that major efforts are well under way in Europe.
 
 
EU Climate Innovation Chief Executive: Private, Public and Academic Sectors Need to Come Together
EU Climate Innovation Chief Executive: Private, Public and Academic Sectors Need to Come Together
Mary Ritter, CEO of the EU's main climate innovation initiative Climate-KIC, calls for greater collaboration between the private, public and academic sectors to develop new solutions to stop further climate change.
 
 
InfraGard National Members Alliance Announces New Appointments to the Board of Directors
InfraGard National Members Alliance Announces New Appointments to the Board of Directors
Washington DC, DC, April 12, 2014 --(PR.com)-- The InfraGard National Members Alliance (INMA) announces the appointment of two members to its Board of Directors. The new appointees to three-year terms are Jerry Bowman...
 
 
 

Latest from the Network

Million-Mile View Of Investment Value
Imagine we’re on an intergalactic spaceship traveling far away from Earth. It’s a quiet day. There are no meteor storms or alien encounters to contend with. We’re sitting in the Solar Lounge discussing a topic of great...
Read more on Business Balla
 
UnitedHealth Group Says Obamacare, Sequestration Put 'Burden' On Q1 Profits
Shares of UnitedHealth Group were down more than 3% Thursday morning after the insurer revealed that the Affordable Care Act and cuts to Medicare weighed on its first quarter earnings. UnitedHealth Group reported $31.7...
Read more on Business Balla
 
FidelityVoice: The Risks Of Cashing Out Your 401K Early
All too often, people make a critical mistake when it comes to managing their 401(k) savings: They cash out prematurely. Recent data compiled by Fidelity notes that one in three 401(k) participants has cashed out of his...
Read more on Business Balla
 
Interesting MPEL Put And Call Options For April 25th
Investors in Melco Crown Entertainment Ltd (NASD: MPEL) saw new options become available today, for the April 25th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the MPEL options...
Read more on Business Balla
 
Turn A Rejection Into A Job Offer
Turn A Rejection Into A Job Offer The woman was interviewing for a lucrative position as director of a sales team. After having three great meetings full of lively conversation about how she’d handle the job, she was...
Read more on Business Balla
 
Bad Winter Weather Hits DuPont Agricultural Sales, Leads To Earnings Miss
Spring may be upon us, but the polar vortex is still managing to rear its ugly head. Not through the temperature (though many parts of the country are still waiting for proper spring weather), but through the first...
Read more on Business Balla
 
John Chambers' Unfinished Business: Can He Reverse Cisco's Growth Slump?
Popping open a can of Diet Coke, John Chambers sits down to talk in his tiny, windowless conference room just off his rather modest office. Behind him on the wall are 13 framed posters signed by the engineers who...
Read more on Business Balla
 
Some Winners And Losers As Obama's EPA Preps Carbon Crackdown
By early June, the EPA is set to announce its proposals for regulating carbon dioxide emissions from existing power plants. Final regs won’t be imposed until states come up with their own plans to do the EPAs bidding,...
Read more on Business Balla
 
How The Recession Changed America's Car-Buying Attitudes
EDITOR’S NOTE: Forbes has just published Curbing Cars: America’s Independence From The Auto Industry, an eBook investigating why a growing number of Americans are giving up their cars. Written by Forbes contributor and...
Read more on Auto Balla
 
Ken Loach and Mike Leigh go head-to-head at Cannes 2014
Ken Loach and Mike Leigh will go head-to-head at the Cannes Film Festival. The British film directors, who have both won the top Palme d'Or prize in the past, will go up against 18 other movies in the In Competition...
Read more on Movie Balla
 
 
Auto Balla Sexy Balla Sport Balla TV Balla Politics Balla Movie Balla Apple Balla Business Balla Ad Balla Celebrity Balla