Martedì, 16 Ottobre 2018
MILAN

Businessmen arrested for trying to cheat industry ministry

English
© ANSA

Milan, July 3 - Police on Wednesday arrested four
Italian businessmen for allegedly defrauding the industry
ministry in relation to a 3.4-million-euro grant.
The four included Massimo Boldrocchi, a well-known Milanese
electromechanics entrepreneur who has vast real-estate assets.
The businessmen obtained the grant for a project for the
waste-management sector that was never actually put into
practice.
As a result the ministry, which was meant to get 50% of the
project's profits, allegedly lost over 1.2 million euros.

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