The decision was long awaited Cassation on the territorial jurisdiction on the proceeding resulting from the investigation into Juventus in which the prosecutors of Turin dispute, in addition to information rigging, the crimes of false accounting, obstacle to supervision and fraudulent declaration. Territorial jurisdiction, according to the judges of the Supreme Court, belongs to the magistrates of Rome. The procedure and all the documents will have to be transferred to the Roman investigators because the Turin ones are not competent. The company that manages the 1INFO platform through which the Juventus club posts its press releases is based in the capital price sensitive making them available to shareholders. It was precisely the insider trading, which the Milan public prosecutor had always investigated in the past because the headquarters of the Stock Exchange is in the Lombard capital and the company is listed, that prompted the judge for the preliminary hearing on May 26 Marco Picco to postpone the matter to the Supreme Court adjourning the hearing to next 26 October. The magistrates of the V criminal section have in fact accepted one of the requests of the defence.
The Piedmontese investigators have always maintained that the proceedings should take place in Turin. According to the defences, on the other hand, Milan or, alternatively, Rome are responsible for the territory. Everything revolves around the contestation of information rigging, i.e. in having provided false information to potential investors on the title of the Juventus club. The information rigging would have materialized through the false information provided to the market in relation to the financial results and the “salary maneuvers”, with which – according to the indictment – Juventus had represented a greater saving on salaries knowing instead that agreements already existed for a simple unconditional postponement in subsequent years with no possibility of avoiding payment.
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According to the lawyers, the information rigging instead would eventually materialize in Milan and Rome. The company that manages the 1INFO platform through which the Juventus club posts its press releases is based in the capital price sensitive making them available to shareholders. For the lawyers, therefore, the investigation and eventual trial had to be moved to one of the two prosecutors. For the Guardia di Finanza and the prosecutors, they have always maintained that “iThe sending command is always ordered by Juventus office-devices” and from that moment the operation is “irreversible”, the file is “unchangeable” and the press release is published within a few seconds. In short, the crime would therefore have been committed in Turin.
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2023-09-06 20:30:25
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