Paolo Ligresti gives self up after 2 yrs

(ANSA) - Milan, June 29 - The son of veteran financier Salvatore Ligresti, Paolo, gave himself up to Italian police on the Swiss border at Chiasso Monday after some two years' evading Italian justice in Switzerland. He is wanted for suspected share-rigging and false accounting in a probe into the Fonsai insurance group. The warrant was issued in July 2013. Paolo Ligresti agreed to hand himself over after a judge granted house arrest in the case.
    In February finance police confiscated shares and bank account deposits worth 9.5 million euros from Salvatore Ligresti and his daughter Jonella as part of a money laundering inquiry.
    The investigation follows the two being charged with false accounting in the family insurance concern Fonsai and manipulation of the market.
    The shares and accounts were held at the Milan branch of Unipol Banca protected a double company screen consisting of an Italian trust company and three Luxembourg companies, Hike Securities Spa, Canoe Securities Sa and Limbo Invest sa, finance police sources said.
    Finance police carried out the operation to prevent the Ligrestis transferring assets abroad.
    In July the entire Ligresti family was arrested in a graft probe and in November family patriarch, veteran financier and insurance magnate Salvatore went on trial for alleged corruption along with former insurance watchdog Giancarlo Giannini.