Giulia Ligresti free after plea deal
Daughter released while father faces major fraud charges19 September, 19:40
The daughter of Salvatore Ligresti had bargained a reduced sentence earlier this month, and had been ordered to serve two years and eight months in custody, plus a 20,000-euro fine, for her part in the Fonsai scandal.
She may be able to arrange community service rather than actual jail time.
In a deal approved by the Turin court, Ligresti also agreed hand over her real estate assets, which some say could be worth several million euros.
The Ligresti family are the former majority owners of the Fonsai and Milano Assicurazioni insurance companies.
Giulia Ligresti was among three family members arrested in July for alleged involvement in cooking the books at Fonsai to the tune of 600 million euros in the 2010 balance sheet.
Salvatore Ligresti, the family patriarch and former honorary chairman of Fonsai, was put under house arrest along with two former executives from the insurance company.
Two of his children, Ionella and Giulia Ligresti, were arrested along with a former managing director of the company, Emanuele Erbetta.
An arrest warrant was also issued for a third child of Salvatore Ligresti, Gioacchino Paolo Ligresti.
In August, Italian police seized over 250 million euros in assets from the Ligresti family, including luxury hotels from the Atahotels chain in Turin and Milan, bank accounts and insurance policies.
Fonsai is seeking 32 million euros in damages from the former majority shareholders in addition to a 245-million-euro payout approved in March.