 Criminal investigators discovered 56 separate bank accounts illegally linked to CMC-Italy. The amount of the "suspicious funds" totaled 3.8 Billion Lira. In CMC-Italy's Head Office in Ravenna, multiple bank-savings book were uncovered and said to be utilized by several individuals using fictitious names. Investigators verified that those "involved" in the clandestine operation were, in fact, "connected" to the Cooperative and many involved admitted to be operating under directives from Belletti, then President of CMC-Italy. Many of the bank books were, in fact, found in Belletti's office safe. Monies in the multiple accounts were said to be derived from the continuing Money Laundering scheme involving executives of CMC-Italy.
Related to the above, the President of CMC-Italy, Paolo Belletti, admists as justification of his acquisition of "black money" obtained from laundering schemes, that the "secret accounts" were used to "pay protection money" to mafia-type organizations for protection of several construction sites. |
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