Off the wire
• U.S. to levy punitive duties on China's photovoltaic products  • Urgent: U.S. dollar mixed before ECB meeting  • 1st LD Writethru: Gold ends seven-session winning streak  • Mashaba, Janza, Ibenge only indigenous coaches at Afcon  • Austrian motorcycle manufacturer KTM aims to be third-largest globally by 2020: CEO  • Toure glad to earn point in Cote d'Ivoire's Afcon opening tie  • Czech army to take part in several allied exercises in 2015  • Bolasie vows to die-a-little for DR Congo in second Africa Cup tie  • Libyan Islamist-backed parliament suspends participation in UN-sponsored dialogue  • Latvia urges Albania to achieve results in EU-set priorities  
You are here: 　 Home

Finance police search "hole" in Casino Campione d'Italia

Xinhua, January 22, 2015 Adjust font size:

Italian finance police on Wednesday searched the Casino Campione d'Italia, Europe's largest casino, for a suspected 130-euro-million (151-million-U.S. dollar) hole, local reports said.

An investigation was opened over alleged irregularities in the management of the casino, according to economic newspaper Il Sole 24 Ore.

Police searched the casino, which is located in Campione d'Italia, an Italian exclave within Switzerland Canton of Ticino, as well as in various houses.

Il Sole 24 Ore also added some people were put under investigation for alleged crimes including criminal conspiracy, laundering and embezzlement.

Marita Piccaluga, mayor of the Campione d'Italia municipality which owns the casino, said her administration was "fully collaborating" with investigators, according to ANSA news agency.

She denied, however, that there was a hole in the casino's balance sheet. "A hole does not exist," she was quoted by ANSA as saying.

The Casino Campione d'Italia was first established in 1933. The new seat is located close to the old one and extends for more than 55,000 square meters over nine floors. Endit