Juventus Facing New Accusations of Balance Sheet Fraud

The district attorney’s office of Turin has announced the conclusion of its probe on the recent balance sessions of Juventus. It started in the summer of 2021 and involves the whole brass of the club, including president Andrea Agnelli, his deputy Pavel Nedved and now Tottenham director Fabio Paratici.

As per Corriere della Sera, the executives could face trial for false accounting, obstructing the activity of the supervisory board, agiotage, and tax fraud. According to the detectives, the Bianconeri embellished their numbers through fictitious transfer market moves, where money didn’t change hands and players purposely had unnatural valuations.

With such stratagem, Juventus altered their balance sheets and masked losses for over €200M in the recent triennium. The preliminary investigation judge denied the request to put Agnelli on house arrest. The decision about whether the inquiry will go to court will come in 30 days. The club can file its defense during such span or wait for the next phases.

The Bianconeri had been found not guilty by the sports justice for the so-called plusvalenze fittizie along with all other clubs implicated last summer. But they could face sanctions on that front too in case of new pieces of evidence.

The DA’s office also considers suspect their transactions on the wages the players forfeited during the early wave of the pandemic. They believe just one monthly salary wasn’t paid through an agreement with the squad, and not four as the team stated. The other ones were simply delayed. They also found invoices for agents for inexistent operations.

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