Brief: Clabo Receives Notice Of Issuance Of Precautionary Seizure Order For Allegedly Improper Profit Of EUR 1.6 Mln
14/07/2022 07:19
July 14 (Reuters) - Clabo SpA CLAB.MI :
* RECEIVES NOTICE OF ISSUANCE OF PRECAUTIONARY SEIZURE
ORDER
AGAINST COMPANY FOR EUR 1.6 MILLION
* SEIZURE IS AIMED AT CONFISCATING WHAT IS BELIEVED BY
INVESTIGATING AUTHORITIES TO BE PROFIT ALLEGEDLY DERIVED FROM
IMPROPER USE BY SOME DIRECTORS OF FUNDS ARISING FROM A LOAN
DISBURSED BY SIMEST TO COMPANY CLABO HOLDING USA IN 2018
* COMPANY, AT PRESENT, IS NOT INVOLVED DIRECTLY IN
PROCEEDINGS
Further company coverage: CLAB.MI
(Reporting by Gdansk Newsroom)
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