Castelfranco It provided loans to entrepreneurs in difficulty with rates from usury. There Financial Police lor discovered with almost 85 thousand euros in cash and others thirty thousand approximately in precious metals. A convicted criminal was therefore banned from staying in Modena.
It all started with Covid
The operation was conducted by the Modena Financial Police on behalf of the Prosecutor’s Office. The Fiamme Gialle started from an investigation by the Prosecutor’s Office, after an entrepreneur from Modena had publicly denounced usury rates during the pandemic.
Finance investigated the news, identifying the person who provided the loan. This is a man active in the restaurant business in Castelfranco, convicted of receiving stolen goods, money laundering and illicit sale of narcotic substances.
The wear network
The Fiamme Gialle dug deep, discovering that a second entrepreneur had ended up in the usury network. The suspect would have activated an abusive financial network, disbursing loans on an annual basis of between sixty and two hundred percent.
Assets seized
The Modena Financial Police found numerous packages of five thousand euros hidden under the frame of a door in addition to valuables worth around thirty thousand euros. The sum exceeds 110 thousand euros, an amount deemed disproportionate by the investigators. The Fiamme Gialle therefore seized the money and valuables.
The suspect appealed, but the review court confirmed the seizure. The judge for preliminary investigations has ordered the suspect to be banned from staying in the province of Modena.
