MILAN (Reuters) – Italy’s tax police raided the workplaces of state railway Ferrovie dello Stato (FS) and Generali GASI.MI to assemble paperwork in a probe associated to the awarding of contracts to the Italian insurer, a doc seen by Reuters on Friday confirmed.
A supply near the probe mentioned Wednesday’s raid was a part of an investigation Rome prosecutors are finishing up into whether or not Generali was awarded contracts in return for beneficiant insurance coverage insurance policies granted to a sequence of prime FS managers.
The doc was a request by the prosecutors handy over data associated to their investigation.
FS and Generali had no instant remark.
Among the many paperwork seized was an audit by PwC, seen partially by Reuters, displaying that of the greater than 550 million euros ($652 million) in insurance coverage premiums paid by FS within the interval 2011-2019 Generali gained greater than 89%.
The audit additionally confirmed that from a pattern of round 600 damage insurance coverage claims with Generali within the interval 1998-2017 by FS managers, 66 recordsdata had been lacking.
PwC declined to remark.
The supply mentioned there have been folks beneath investigation however declined to say what number of or what the accusations in opposition to them had been.
Reporting by Domenico Lusi, further reporting by Stefano Bernabei and Gianluca Semeraro; writing by Stephen Jewkes; enhancing by Giselda Vagnoni and Mark Potter
