January 13 2018
Italian prosecutors have opened an investigation into whether the deal to sell AC Milan to Chinese investors last year was inflated for money-laundering purposes, La Stampa reported on Saturday (Jan 13).
Milan prosecutors want to know if the €740 million (US$786 million) paid to Silvio Berlusconi to buy out the seven-time European champions was overvalued in a deliberate move to bring large sums of money into Italy from abroad, the newspaper said.
It has not immediately been possible to confirm the opening of the investigation with Milan prosecutors or lawyers for Berlusconi, the former Italian prime minister.
