In recent days, prosecutor Paola Biondolillo signed the request for dismissal in which the results of an investigation that lasted several years were condensed
After letters rogatory and bank checks all over the world which made it possible to reconstruct the asset structures and the financial flows of money coming from accounts also based in tax havens, the Milan Prosecutor’s Office has asked to dismiss the investigation in which Yonghong Li, the Chinese businessman who was the owner and president of AC Milan between 2017 and 2018, is accused of false corporate communications. This crime was contested because the Chinese entrepreneur, who had taken over the Rossoneri club for 740 million with a company that later went bankrupt and who therefore had not been able to close the deal, had always officially communicated that everything was going well and that he was in able to meet financial commitments.
In recent days, prosecutor Paola Biondolillo signed the request for dismissal in which the results of an investigation lasting several years, around six, were condensed and which led to the conclusion that Yonghong Li would have enjoyed ample resources as he himself had assured the times of the purchase and sale operation of the club once led by Silvio Berlusconi. Resources that would be attributable to funds and companies based in the Caymans or the British Virgin Islands, and also to the Hong Kong companies of the tycoon’s wife. Ultimately, from what has transpired, a picture has emerged from the investigations in which “opaque” financial transactions have been identified, but not sufficient elements to consider the accusation of false accounting to exist. Therefore, even if the request does not strictly concern the sale of Milan – an operation which had generated several ‘rumors’ -, it seems to be understood that, as far as could be verified, Li had the necessary capital. Then something went wrong and the American fund Elliott took over. Now the word goes to the investigating judge.
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