Parma president arrested on Money laundering Charges

Parma’s chairman was arrested on Wednesday on money-laundering charges, police sources said, deepening the crisis at the financially stricken Italian club which is on the brink of having to stop playing.

The arrest of Giampietro Manenti came on the eve of a bankruptcy hearing which could result in the club being wound up and prevented from completing the rest of its Serie A fixtures.

Prosecutors were due to give details of the charges against Manenti at a press conference later in the day.

The club has already been docked a total of three points this season over its failure to pay players’ wages on time.

http://www.ngrguardiannews.com/2015/03/football-parma-president-arrested/