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Swiss cops nab Borsalino fugitive

Marco Marenco 'responsible for 3.5-billion-euro crack-up'

Redazione Ansa

(ANSA) - Turin, April 24 - Italian financier Marco Marenco has been arrested in the Swiss city of Lugano, Corriere del Ticino newspaper reported Friday.
    The 59-year-old fugitive from Italian justice is wanted on charges including fraudulent bankruptcy, embezzlement and tax evasion in the 3.5-billion-euro crack-up of legendary hat maker to the stars, Borsalino.
    Marenco's German-based holding company holds a controlling share in the hatmaker, which has coiffed celebrities from Al Capone to Japanese Emperor Hirohito to many stars in Hollywood in its 150 years in business.
    Jean-Paul Belmondo, Jonny Depp, Alain Delon and Madonna even starred in a 1970 movie named after the famous hat.
    Italy has opened extradition proceedings, sources said.
   

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