Mercoledì, 17 Ottobre 2018

ILVA assets seized in 24 cities


(updates previous) Taranto, September 11 - Financial
police working in 24 different cities seized more than 900
million euro in assets from the owners of troubled steelmaker
ILVA, authorities said Wednesday.
The seizures were carried out Tuesday at 13 companies
connected with the Riva Group, parent company of the southern
Italian ILVA steel mill, the largest iron and steel producer in
Italy, and the fourth largest in Europe.
Police seizures were carried out in cities from Rome to
Milan, Genoa to Cagliari, Modena to Bari, Naples, Lecco and
Assets seized were evenly divided between goods and
property, worth more than 456 million euros; and financial
instruments including stocks and bonds.
As well, about 100 vehicles were seized.
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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