Italian tax police raid Digital Value and Olidata offices (updated)

OLIDATA SpA

15/10/2024 12:11

(Adds Olidata comment in paragraphs 2-3, updates Olidata share
value in paragraph 6)
       Oct 15 (Reuters) - Italian tax police raided the offices
of Digital Value  DGV.MI  and Olidata  OLI.MI  as part of a
preliminary investigation into alleged public procurement
offences, the Rome Prosecutor's Office said in a statement on
Tuesday.
    Olidata Chairman Cristiano Rufini said that his company, a
technology consultant, had acted correctly and was ready to
cooperate with the investigation.
        "We trust in the work of the competent authorities and
are confident that the transparency of our actions will be
clarified," Rufini said in a statement.
    Digital Value was not immediately available for comment.
    The Guardia di Finanza are probing alleged corruption in the
procurement of IT and communication services tendered by SOGEI,
an IT company fully owned by Italy's Finance Ministry, as well
as by the Interior and Defence ministries, according to the
statement from the Prosecutor's Office. 
    Shares in both companies were halted from trading after IT
service provider Digital Value's stock fell by 10.5% and
Olidata's stock dropped by as much as 11.4%.
 

 (Reporting by Alberto Chiumento, editing by Keith Weir)
 ((Alberto.Chiumento@thomsonreuters.com;))