Italian financial police to investigate Pedro Obiang's transfer from Sampdoria to West Ham United for fraud

The investigation of Pedro Obiang centres on fake receipts and invoices, money laundering and fraud allegations, and relates to the flow of money between different companies in the 'Ferrero Group'.

Agence France-Presse November 28, 2018 19:50:03 IST
Italian financial police to investigate Pedro Obiang's transfer from Sampdoria to West Ham United for fraud

Rome: Italian police said on Wednesday that they had seized 2.6 million euros ($2.9 million) in cash and property from Sampdoria club president Massimo Ferrero, the club and five other people as part of a financial investigation.

Italian financial police to investigate Pedro Obiangs transfer from Sampdoria to West Ham United for fraud

File image of Pedro Obiang. Reuters

The investigators are particularly interested in funds related to the 2015 transfer of Pedro Obiang, a Spanish midfielder, from Sampdoria to West Ham.

The investigation centres on fake receipts and invoices, money laundering and fraud allegations, and relates to the flow of money between different companies in the "Ferrero Group".

Ferrero is a film producer and owns cinemas in Rome.

The Guardia di Finanza, the Italian financial police, said in a statement that a sum of 1.2 million euros related to the Obiang sale could have been diverted "and partly reused to clean up the financial positions of other indebted companies in the group and to finance two other related companies in the Ferrero group" as part of the production of a film.

The police statement said they had seized financial assets, including more than 200,000 euros worth from the club, and a building in Florence.

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