Friday 22 September 2017

Gardai in bid to trace Berlusconi €100,000

Silvio Berlusconi
Silvio Berlusconi
Tom Brady

Tom Brady

GARDA fraud investigators have been asked to help trace the movements of a €100,000 lodgment that belonged to former Italian premier Silvio Berlusconi.

The cash is believed to have been held in an account for a period in the International Financial Services Centre in Dublin.

Officers from the garda fraud bureau's money laundering unit were called in to help with inquiries into Mr Berlusconi's business transactions.

Gardai said last night that the lodgment had been listed as a suspicious financial transaction and, under legislation, these must all be fully checked to establish if there has been any attempt at money laundering.

"We get a lot of these transactions to check out and most of them eventually turn out to be genuine," said a source. "But because this particular account belongs to Mr Berlusconi, it is attracting a lot of attention. However, it is being treated like any other transaction brought to our notice by the banks."

The Italian authorities are believed to be focusing particularly on accounts held by the 76-year-old billionaire between 2005 and 2007 and their inquiries have been extended worldwide.

Irish Independent

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