Search

Editors

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

« New commentary on FCPA Guide provides valuable insights | Main | Casinos warned to monitor customers' fund sources »
Monday
Jun162014

Graft probe flushes Venice mayor from office

  1. Giorgio Orsoni, 63, former mayor of VeniceThe mayor of Venice, italy resigned under pressure Saturday, a day after being freed from house arrest under a plea deal linked to a bribery scandal involving the building of underwater barriers to protect the city from flooding.

Italy's financial police arrested the former mayor, Giorgio Orsoni, last Wednesday for alleged corruption, extortion and money laundering.

Orsoni and at least 30 others are at the center of a three-year long corruption investigation of the "Moses project," the plan to create the underwater anti-flood barriers in the city. The first of the long-delayed barriers was installed last year.

More than $27 million targeted for the project was allegedly diverted abroad to create a political slush fund.

Orsini has been mayor of Venice since 2010.

________

Julie DiMauro is the executive editor of FCPA Blog and can be reached here.