Police seize 2.5 mn euros in Fonsai fraud probe
Funds destined for Swiss account linked to fallen Ligresti25 February, 14:51
The Ligresti family is at the centre of a major fraud investigation involving the troubled Fonsai insurance group.
Salvatore, the family patriarch and former honorary chairman of Fonsai, Paolo and his sisters Giulia and Jonella are accused of corruption in the probe into alleged accounting fraud and market manipulation that enabled Ligresti to acquire illegal dividends of 200 million euros.
The Ligresti family are the former majority owners of the Fonsai and Milano Assicurazioni insurance companies.
They came under additional scrutiny last year because of allegations that former Justice Minister Anna Maria Cancelleri used her influence to see Giulia Ligresti released from jail into house arrest.
The then minister denied any wrongdoing, saying she had acted on humanitarian grounds as the woman suffered from anorexia and depression.