Milan, 15 July (LaPresse) – New investigations concerning former minister Daniela Santanché are set to be concluded. The Fdi senator and 15 other individuals are facing allegations of bankruptcy, false accounting and aggravated fraud against the State in connection with the collapses of Ki Group, Ki Group Holding, Bioera and Umbria srl. As explained in the notice of the conclusion of the investigations, the allegations include, amongst other things, that over the years there was a distribution of dividends which, in reality, should not have taken place because the companies’ net profit was lower than reported. Specifically, in one case relating to 2015, there was allegedly a distribution of unrealised dividends amounting to €4.1 million, despite the companies’ profits being significantly lower. Subsequently, in 2016 as well, there was allegedly a distribution of dividends totalling approximately €1.5 million, despite the companies’ accounts not being in order. The same applies to the payment of remuneration to executives and directors.
The Santanché case: further notice of the conclusion of investigations into bankruptcy and false accounting
Milan, 15 July (LaPresse) – New investigations concerning former minister Daniela Santanché are set to be concluded. The Fdi senator and 15 other individuals are facing allegations of bankruptcy, false accounting and aggravated fraud against the State in connection with the collapses of Ki Group, Ki Group Holding, Bioera and Umbria srl. As explained in the notice of the conclusion of the investigations, the allegations include, amongst other things, that over the years there was a distribution of dividends which, in reality, should not have taken place because the companies’ net profit was lower than reported. Specifically, in one case relating to 2015, there was allegedly a distribution of unrealised dividends amounting to €4.1 million, despite the companies’ profits being significantly lower. Subsequently, in 2016 as well, there was allegedly a distribution of dividends totalling approximately €1.5 million, despite the companies’ accounts not being in order. The same applies to the payment of remuneration to executives and directors.
