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Court of Rome preventively confiscates 180 million euros from 2 entrepreneurs active in construction sector

Christian Fernsby |
The Court of Rome - Specialized Prevention Measures Section, has ordered the measure of the confiscation of assets held by two brothers, active entrepreneurs in the building construction sector, for a total value of over 180 million euros, as well as the measure of special surveillance of public safety for the duration of two years.

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The investigative investigations, carried out by the specialists of the GICO of the Economic-Financial Police Unit of the Guardia di Finanza of Rome, carried out on behalf of the local Public Prosecutor's Office, originate from a request for admission to the composition with creditors of a construction company burdened with over 112 million euros in debt.

It emerged from them that the two entrepreneurs would have planned (largely fictitious) accounting and financial operations, aimed at representing a thriving and profitable financial situation to the outside world, suitable - in the first instance - to easily obtain financing from banking institutions and, subsequently, to persuade the creditors of the goodness of the composition plans adopted, in order to avoid the insolvency procedure.

The asset prevention measure, also the result of the evidence of criminal proceedings in which the two builders were subjected to house arrest for fraudulent bankruptcy in competition, highlights a significant disproportion between lawful sources of income, economic activities carried out and assets owned, directly or indirectly.

The economic-patrimonial investigations carried out by the yellow flames of Rome have also made it possible to trace, in the families of the proposed, the availability of huge sources of income of illicit derivation resulting from distractive conduct to the detriment of the bankrupt companies.

These proceeds have flowed, through multiple economic operations, into the companies that are the recipients of the provision in question.

The innumerable companies belonging to the recipients of the ablative measure were found to be interconnected through the use of nominees and complex accounting stratagems.

The assets identified in this way, already subject to preventive seizure in December 2021 pursuant to the Anti-Mafia Code, consist of shareholdings (in the construction and real estate sectors in general), 40 properties (including prestigious ones and used for office use ) located in Rome, Anzio, Fiuggi, Fiumicino and Bassano Romano, financial resources and 20 luxury cars (including Lamborghini, Mercedes and BMW), and has been estimated at over 180 million euros.


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