Turin

Two more arrested in De Tomaso public funds scam

Total of nine warrants issued so far in failed carmaker probe

Two more arrested in De Tomaso public funds scam

Turin, 6 MAR - Italian finance police on Wednesday issued arrest warrants against brokers Biagi Di Capizzi and Ivano Perinelli for allegedly providing carmaker De Tomaso with a false bank guaranty that allowed it to obtain public backing from the labor ministry. The two are in jail as of October on similar charges. This brings to nine the warrants issued in the fraud probe into the failed carmaker. Its veteran chairman, Gian Mario Rossignolo, was arrested in July for alleged misuse of public funds in a failed project to use an ex-Pininfarina factory to make SUVs. De Tomaso filed for bankruptcy early in 2012 after Rossignolo, a former Fiat and briefly Telecom Italia executive, failed to muster financial backing for a plan to relaunch the firm, which used to make the famed Pantera sports car. (Photo: Ex-De Tomaso workers demonstrate in 2012)

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