Today, the Prosecutor’s Office of Turin notified the members of the board of directors of the Juventus Spa football club of the notification of the completion of the preliminary investigation, launched in the summer of 2021, of the investigations involving members of the Judicial Police employed by the Economic and Financial Police Unit of the Financial Guard of Turin. A similar notice was sent to senior executives with strategic responsibilities, members of the Board of Auditors and the Auditor General. The offenses for which the procedure is carried out are mainly false corporate messages and false messages addressed to the market, since the company is listed on the electronic stock exchange. The completed investigation considers three years: 2018 (financial statements approved on October 24, 2019); 2019 (financial statements approved on October 15, 2020) and 2020 (financial statements approved on October 29, 2021). In the opinion of this department, the obtained evidence base allows to outline the activity to change the items of financial statements (and, therefore, the results of activities) due, first of all, to the anomalous recourse to operations for the exchange of rights to sports competitions of a large number of athletes, operations, in general, dystonic in national panorama. Exchange transactions that, without generating any financial flows, again, according to the prosecution, are concluded at a cost set by the parties arbitrarily and in order to meet budgetary needs at the moment: these transactions were found to be fictitious, including taking into account the content conversations recorded during the investigation.
Source: Tutto Mercato Web
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