Billion-euro fraud for terrorism uncovered in Milan

Accountant raised alert about suspicious transfers

(ANSA) - Milan, September 24 - Milan public prosecutors uncovered a billion-euro fraud scheme that may be funding Islamic terrorists, Italian daily Corriere della Sera reported Wednesday.
    Following complaints from a Milan accountant of suspicious financial transactions, intelligence authorities cross-checked accounts with documents seized in a 2010 Taliban raid, uncovering a monumental money transfer organization.
    Some 38 people with ties to Anglo-Pakistani and French-Israel groups are suspects in the alleged fraud scheme, which authorities said includes the illicit transfer of value-added tax to accounts in Cyprus, Hong Kong and Dubai.
    As well, funds were allegedly converted into luxury goods such as diamonds and real estate for use in financing armed groups. Eleven suspects are being sought by authorities.
   

ALL RIGHTS RESERVED © Copyright ANSA



Change cookie consent