Corona assets worth 843K seized (2)

(ANSA) - Milan, November 16 - Italian finance police on Wednesday seized the contents of two safety deposit boxes and a bank account worth a total of 843,000 euros belonging to former 'paparazzi king' Fabrizio Corona in the city of Innsbruck, in Austria. Police acted on orders from the Milan anti-mafia investigators on suspicion of misappropriation and fraudulent asset transfer.
    Last week, a Milan court revoked the social services custody of the notorious former "paparazzi king", ruling he must serve another year in prison.
    The ruling came just days after finance police seized a Milan apartment worth approximately 2.5 million euros investigators believe Corona bought through a dummy purchaser with financial resources drained from his once high-flying photography agency.
    In 2013, the photographer was sentenced to roughly five years in prison for the fraudulent bankruptcy of his agency and for blackmailing VIPs with compromising photographs.
    A Milan court in October seized assets worth 1.7 million euros from Corona, saying he is still a danger to society and had failed to declare those assets.
    Corona is currently in jail and under investigation for tax fraud and violating property laws.