Massimo Ferrero Arrested: Why was Samp President Massimo Ferrero Arrested? Revealed: A piece of shocking news is coming into the headlines about Massimo Ferraro who has been arrested recently by the Italian police. Yes, you read it right and it is quite shocking news as well because Massimo Ferraro is one of the most prominent and well-known personalities based in Italy. The news of his arrest has been spreading all over the internet and getting everyone’s attention. He has become a part of an investigation into events leading to four of his previous ventures that have been going bankrupt. In this article, we are going to provide you with all the details about the matter and Massimo Ferraro. Follow More Update On GetIndiaNews.com
Massimo Ferrero Arrested
As per the reports, Massimo Ferraro was arrested on Monday, by the Italian police after being involved in an investigation into events that led to the bankruptcy of four of his previous business ventures. Apart from this, he also resigned as a Sampordia president with immediate effect. Currently, he has been arrested and jailed. He was sent to San Vittore jail in Milan on Monday, while five others were ordered into house arrest, including his daughter and grandson. Ferraro is 70 years old man who has a family with his children and his grandson.
Why was Samp President Massimo Ferrero Arrested?
There are 9 other people who are also involved in the investigation handled by the public prosecutor of Paola, in the Southern Italian region of Calabria, around the events that led to the bankruptcy of Ferrero’s four previous business ventures. The investigation of the Serie A club has not been happening, however, they issued a statement revealing that Massimo Ferraro has been resigned from his post as a Sampordia president. The actual statement reads, “It was with great astonishment that we learned of the execution today of a pre-trial detention order against Massimo Ferrero.”
Why was Samp President Massimo Ferrero Resigned?
Massimo Ferraro is a 70 years old Italian businessman from Rome who has completed an acquisition of the Serie A club in the year 2014 for about $15m including the debt of the club. During his years at the helm, Sampordia has established themselves as regulars in Serie A and qualified to the Europa League qualifying rounds in the year 2015. Once he told the Italian daily La Repubblica that he did his best always and still doing his best but if there is someone who thinks that he can do more better for Sampordia than him, so he can come forward, he will be ready to listen to him and to pass the baton. Soon, we will update our readers with more details about his arrest case.