A total of 20 individuals, apparently high-ranking current and ex-members of the Aosta council, have been accused of intentionally committing fraud in the management of a casino in Italy.
The people being investigated included Augusto Rollandin, ex-governor of Valle d'Aosta, and other members of the Aosta council from the years 2012-2015, in which an investigation was launched into the Saint-Vincent Resort & Casino, a sensational yet 100% publicly-owned entity. Pierluigi Marquis, the mountainous semi-autonomous region's current governor, is also put under investigation.
The investigation is seeking to reveal that between 2012 and 2015, the region's administration tampered with the books to falsely create budgets showing intentionally lowered operating losses and unrealistic industrial development goals.
The high-ranking officials were accused of fraud - the casino's balance sheet showed that over €140 million is missing. The investigation is aiming to find out what transpired with four transactions that occurred between 2012 and 2015 - why did the amounts €50 million in July 2012, €10 million in September 2013, €60 million in October 2014, and €20 million in December 2015 were transferred or withdrawn from other stakeholders in the casino and publicly-listed companies.
The former and current local council members were accused of deliberately claiming to have simulated losses so that they can authorize payments coming from the regional funds.