Why Did Cops Arrest Samp President Massimo Ferrero? Explained
3 min read
Recently trending news is leading at the top of the news channels about Massimo Ferrero. Italian police have arrested Massimo Ferrero which is a bit shocking for everyone. Talking about his personality is one of the most prominent as well as a well-known faces of Italy.
This news about him is spreading over the Internet at a pace and resulting in Catching the attention of these citizens in masses. Previously he had put his efforts into his 4 ventures that are currently turning into bankrupt. During an investigation, he was a part of it and then the cops dig the case.
If you do not know about Massimo then we will help you to understand the whole case in detail. Read the article till the end for gaining a better knowledge about the situation.
Massimo Ferrero Arrest News
As per sources, on Monday, Italian police arrested Massimo Ferrero with a legal arrest warrant. he was involved in an investigation that found every detail of his four business ventures that are currently dealing with bankruptcy. Along with all this, he had recently resigned from the post of Sampordia President with immediate effect.
We got information from the sources that he is currently in jail. On Monday, with proper legal charges, he shifted to San Vittore Jail that is located in Milan.
Along with him, other five people were also charged with the order of house arrest, including his grandson and daughter. Massimo Ferrero is a 70-year-old businessman residing with his family that includes his children and grandchildren.
Why was Massimo Ferrero Arrested?
As per sources, an investigation was conducted along with nine other people who were involved in it. Everything was handled by a public prosecutor of Paola, Southern Italian Region of Calabria. The Investigation led to disclose the matter about Massimo Ferrero’s 4 business ventures that were bankrupt.
Serie A Club’s investigation is not happening as Massimo has already resigned from the post of Sampordia President, revealed by the sources.
The original statement that was said is such that, “It was with great astonishment that we learned of the execution today of a pre-trial detention order against Massimo Ferrero.”
Why Did Massimo Ferrero Resign?
Massimo Ferrero belongs from Rome and currently is a 70-year-old Italian businessman. In the year 2014, he completed the acquisition of Serie A Club for $15 million that also includes the total debt of the club. He has done many things for Sampordia, according to him, during the days when he was at that post of President.
His sayings meant that if anyone can do better than Massimo Ferrero for Sampordia then he can come forward. He also said that the person will be heard and he will pass the baton.
khushi kanchan
Khushi Kanchan is a content writer, from India, who is pursuing a bachelor's degree in commerce. She has earned experience in writing for technological, financial, and beauty niches and is adaptable to changing content themes. She possesses a quick learning ability that aids her in the creation of reader-friendly content.
