Italian Authorities Might Refuse to Sell Kalinichenko’s Assets

30 July 2012 (18:33)

The Italian authorites haven’t yet responded to the query regarding the seizure of Alexei Kalinichenko’s Italian assets; the man is accused of fraud involving his investors’ money, Interfax-Ural reports.

‘We were able to obtain data on some bank accounts and some real estate (a twenty-room mansion and a villa in Italy and some other buildings). However, the extradition of assets is more complicated than that of the accused,’ Head of the Investigative Department of the Internal Affairs Ministry Main Administration in Ural Federal District Andrei Taranenko reports.

According to Taranenko, since the international procedures are so time-consuming, most of Kalinichenko’s bank accounts had been nearly emptied by the time the banks received a seizure notice from the Italian authorities.

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