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Harry Cassin Publisher and Editor

Andy Spalding Senior Editor

Jessica Tillipman Senior Editor

Richard L. Cassin Editor at Large

Elizabeth K. Spahn Editor Emeritus 

Cody Worthington Contributing Editor

Julie DiMauro Contributing Editor

Thomas Fox Contributing Editor

Marc Alain Bohn Contributing Editor

Bill Waite Contributing Editor

Shruti J. Shah Contributing Editor

Russell A. Stamets Contributing Editor

Richard Bistrong Contributing Editor 

Eric Carlson Contributing Editor

Bill Steinman Contributing Editor

Aarti Maharaj Contributing Editor


FCPA Blog Daily News

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Thursday
Jun052014

Venice mayor arrested in flood-barrier graft probe

The mayor of Venice and at least 30 others have been arrested in a corruption investigation related to the building of underwater barriers to protect the city from flooding.

Italy's financial police arrested Giorgio Orsoni Wednesday for alleged corruption, extortion and money laundering, the Guardian said.

After a three-year investigation, police last year arrested the head of the consortium building the so-called Moses barriers.

Orsini, 67, pictured above, has been mayor of Venice since 2010. He's a lawyer and once served as head of the Bar of Venice.

More than $27 million was allegedly "diverted abroad to bribe politicians," the Guardian said.

The first of the long-delayed underwater barriers was installed last year, the paper said.

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Richard L. Cassin is the publisher and editor of the FCPA Blog. He can be contacted here.