Long article in the Corriere della Sera on the archiving of the Milan Prosecutor’s Office for Yonghong Li, regarding his purchase of Milan
Long article in the Corriere della Sera on the dismissal of the Milan Prosecutor’s Office for Yonghong Li, regarding his purchase of Milan in 2017.
«The situation relating to all my personal resources is completely healthy», Li Yonghong had sworn when on 20 February 2018, as majority shareholder and president of Milan purchased in 2016-2017 for 740 million by Silvio Berlusconi’s Fininvest, he had released this communicated to dispel journalistic doubts about its financial solidity. Now, 6 years later, we learn that it was only for this statement that the Milan Prosecutor’s Office had investigated the Chinese entrepreneur on 29 June 2018: not precisely for the hypothesis of money laundering, but for false accounting. A crime for which the last of the Milanese prosecutors to take turns, Paola Biondolillo, who has been in charge of the file since October 2021 and terms for further investigations have already expired, is asking the investigating judge’s office to dismiss it.
The judicial game of the goose, attempted with international letters rogatory which crashed into laconic Asian responses, has reconstructed that at the top of the corporate chains (often in the Virgin Islands) financing three deposits of 100, 100 and 50 million, or 140 and 25 million in closing, there were either companies of the wealthy wife of the third to last owner of Milan before Elliott and RedBird; or theoretically solid institutions such as the Huarong investment bank in Hong Kong, but there is no idea who was behind them. «Despite the evident opacity of the operations that led to the purchase of Milan with the intervention of numerous foreign banking institutions and offshore funds, and without it being clear in many cases who the “beneficial owner” of the funds was used for the purchase”, the Prosecutor’s Office writes that the false accounting cannot be contested against Li Yonghong, who “had an undoubted wealth of assets and could certainly rely (as in fact happened) on large financial resources”.
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