Domenica, 23 Settembre 2018

One billion euros in assets seized from Riva companies


Taranto, September 10 - Italian Police on Tuesday
were seizing over one billion euros in assets from 13 companies
controlled by the same holding company responsible for the
troubled ILVA steel mill.
The unnamed companies each have headquarters in Milan.
Their holding company Riva owns the ILVA, the biggest iron
and steel producer in Italy, the fourth-biggest in Europe and
the 23rd-biggest in the world.
Last month prosecutors asked the courts to indict Emilio
Riva, ILVA's former head, on charges of massive tax fraud.
Milan prosecutor Francesco Greco accused Riva, and two
other former executives of the steelmaker, of evading 52 million
euros in taxes dating back to 2007.
ILVA has been at the centre of a political and legal
battle since July 2012 when local magistrates ordered the
partial closure of the Taranto plant due to serious health
A decree to save it while working to make sure it stops
polluting passed in the Senate last month.
The decree, among other things, designates a group of
experts to oversee clean-up of the Taranto steel plant.

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