Tuesday, February 1, 1994
Volume:
10
Issue:
2
51
Abstract:
On February 10, 1994, Swiss authorities extradited Mr. Ruggero Firrao to Italy on corruption charges. Mr. Firrao, 70 years old, was a former head of Sace, the Italian credit guarantee organization. Mr. Firrao is the sixth individual in a year to be arrested in connection with alleged large-scale abuses of Sace credit guarantees. Swiss authorities arrested Firrao in September 1993 after the Italian Government caused the issuance of an international arrest warrant. According to Rome magistrates, Mr. Firrao is alleged to have received at least L1.4bn (£567,260) from three Italian companies in exchange for Sace paying indemnities to them for work done in Libya, Tunisia and Turkey¦[more]