Italy Finance Police File Report on Berlusconi Soccer Club Sale
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Italy’s financial police have filed reports about possible suspicious activity regarding the sale of the AC Milan soccer club by Silvio Berlusconi’s investment company to a Chinese businessman last year, according to two people familiar with the matter.
The filings by Italy’s Guardia di Finanza were sent to the Milan prosecutor’s office in December, said one of the people, who couldn’t be identified because the reports haven’t been made public. They didn’t elaborate on the information in the documents, which are the result of routine Bank of Italy and financial police reviews of cross-border transactions. The prosecutor’s office then determines whether a formal investigation should be opened.