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100 mn euros seized from Fabio Riva and other suspects

Extradition to Italy sought for steel heir

22 January, 17:24
100 mn euros seized from Fabio Riva and other suspects (see related) (ANSA) - Milan, January 22 - Police in Milan on Wednesday seized 100 million euros in assets from Italian steel manufacturing heir Fabio Riva and other suspects accused of defrauding the Italian State of hundreds of millions of euros.

Milan prosecutors claim Riva and two others illegally siphoned public subsidies for exports through Riva FIRE, which is the parent company of the troubled steel manufacturer ILVA. Police also seized 100 million euros from Riva FIRE.

A formal request was also initiated asking the extradition to Italy of Fabio Riva, who is living in London.

A European arrest order was issued on Wednesday for the former ILVA executive and ex-deputy chairman of Riva FIRE.

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