Former centre-right Senator and
financier Giuseppe Ciarrapico was sentenced to five years in
prison Monday for fraudulent bankruptcy and misappropriation.
The court found Ciarrapico guilty of using company funds
"with intent to deceive" and to "obtain an unjust profit" in the
collapse of Editoriale Ciociaria Oggi publishing house.
The verdict came after finance police seized assets worth
2.5 million euros on grounds that they were about to be paid out
to the Ciarrapico group of companies.
Ciarrapico - a former Fascist sympathizer and businessman
with close ties to late seven-times premier Giulio Andreotti -
is not unfamiliar with the Italian courts, having been
prosecuted and convicted on numerous occasions for a range of
crimes including fraudulent bankruptcy and illicit party
funding.
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