Giovedì, 18 Ottobre 2018
TARANTO

Police seize ILVA assets across 24 Italian cities

English
© ANSA

Taranto, September 11 - Finance police seized more
than 914 million euros of assets from the Riva Group, the same
holding company responsible for the troubled ILVA steel mill in
the southern Italian port city of Taranto, investigators said on
Wednesday.
The Riva Group holding company owns ILVA, the biggest iron
and steel producer in Italy, the fourth-biggest in Europe and
the 23rd-biggest in the world.
Italian Police on Tuesday oversaw the confiscation of
business and real estate assets from 13 companies belonging to
the Riva Group in 24 cities across Italy, including Milan,
Genoa, Rome, Verona, Parma, Taranto and Naples.
Police took control of 456 million euros worth of real
estate assets, 45 million euros worth of funds, company stakes
worth 415 million euros, and roughly 100 vehicles.
The seizures were ordered by Taranto judge Patrizia Todisco
in the probe against ILVA top management for criminal
association aimed at environmental disaster.
ILVA has been at the centre of a political and legal battle
since July 2012 when the same court ordered the partial closure
of the Taranto plant due to serious health concerns.
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.
Last month prosecutors asked the courts to indict Emilio
Riva, Riva Group co-founder and 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 allegedly evading
52 million euros in taxes dating back to 2007.

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