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Italian football bosses under investigation

by AccountancyAge.com

18 Jan 2007

Inter Milan's president Massimo Moratti and AC Milan vice president Adriano Galliani are both being investigated by an Italian magistrate probing false accounting in Serie A football, it has been reported by Reuters.

Both are set to be summoned to answer questions put to them by Milan public prosecutor Carlo Nocerino.

In Italy, being placed under investigation does not indicate guilt and does not necessarily lead to criminal charges.

Inter Milan refused to comment on the news and has insisted in the past thats books are clean, while AC Milan has also insisted its books are correct.

Further reading:

Lord Stevens calls for more accountants in football

Football managers facing tax probe

E&Y report identifies FIFA vice-president

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