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Italian football clubs under probe for tax fraud

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Naples: In an investigation targeted at dozens of clubs in top three football divisions in Italy, around 12 million euros worth assets from 58 individuals were seized by Italian tax police as alleged tax evasion.

The investigations were impounded after the request of prosecutors in Naples. The assets included cash, clubs and real estate. Assets seized were of a total of 64 people over an alleged tax fraud scheme.

The Investigation was started after the transfer of Lavezzi from Napoli and after the Paris Saint-German reported the probe regularly in 2012, which appears to involve 35 clubs in Serie A, Serie B and Lega Pro.

Aurelio De Laurentiis, Lazio owner Claudio Lotito, Serie A leaders Napoli, AC Milan director general Adriano Galliani, former Argentina international and Modena coach Herman Crespo, and Jean Claude Blanc, who manages Paris Saint-German are under investigation.

Several present as well as former Serie A players including Argentinian forward Ezequiel Lavezzi, Lazio agent Alessandro Moggi are also allegedly under probe along with Palermo owner Maurizio Zamparini, former Parma president Tommaso Ghirardi, former Juventus president Jean Claude Blanc.

According to prosecutors, instead of splitting with players, agents also charged entirely to the clubs.

While some marginal benefits for players were avoided by the system, the clubs then decreased the fees from their tax payments, prosecutors added.

In Italy, some Argentinean agents also avoided taxation by setting up with companies and by using wrong end documents.

Lazio’s lawyer Gian Michele Gentile said that they also don’t have any information regarding this as they also got to know through Media.

Lazio and Atalanta denied the ‘wrongdoing’ and said that they have full faith in the investigation.(Inputs from agencies)

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Royal Enfield launches Interceptor, Continental GT 650 in India

The two motorcycles were unveiled at the EICMA motorcycle show in Italy's Milan.

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Royal Enfield's new trump cards
The two motorcycles were unveiled at the EICMA motorcycle show in Italy's Milan on November 7, 2017. Wikimedia Commons

The Royal Enfield on Sunday unveiled its much-awaited Interceptor GT 650 and Continental GT 650 in front of hundreds of bike enthusiasts at its annual rider mania here.
Both the motorcycles are powered by an all-new 650cc, air-cooled parallel twin engines with an oil cooler for enhanced performance. The fuel injected motor claims to deliver 47PS of power at 7,100rpm and a peak torque of 52Nm at 4,000rpm.
The two motorcycles were unveiled at the EICMA motorcycle show in Italy’s Milan on November 7, 2017.
The engines have a strong low and mid-range performance, retaining the Royal Enfield character of accessible torque through the rev range.
Also new to the Interceptor is the six-speed gearbox, specially developed for this motorcycle.
The gearbox is augmented by its ‘slip/assist’ clutch that facilitates easy riding in traffic with a light feel and prevents wheel-hop when downshifting gears – also a first for Royal Enfield.
The chassis has been developed from the ground up by the team at Royal Enfield’s UK Technology Centre and Harris Performance.
It has been engineered and fine-tuned for enhanced agility that can handle different terrains and speeds with ease while retaining the period classic style.
The Interceptor INT 650 ushers in the idea of the 1960’s fun, relaxed motorcycles from the sun-drenched California beaches.
With its classic tear-drop shaped fuel-tank, quilted twin-seat and distinctive wide braced handlebars, the Interceptor INT 650 looks every bit the stunning Roadster that it is.
The motorcycle is equipped with classic 18″ front and rear Pirelli tyres and twin shock absorbers, along with front and rear disc brakes with ABS.
While, the Continental GT 650 is a cafe-racer and looks almost identical to the existing Continental GT 535 as it retains the same headlamp, fuel tank and many other elements from its sibling while the rear has gone through some changes along with the new dual side exhaust muffler.
Speaking after unveiling the new motorcycles, Royal Enfield CEO and MD Siddharth Lal said: “Both the Interceptor 650 and the Continental GT 650 will be very accessible motorcycles in India in terms of both pricing and maintenance.”
He said that with the two new motorcycles, the company wants to upgrade their 2.5 million customers in India who wants more from the Royal Enfield.
He also said that the new motorcycles will be available in the showrooms by March or April. Without announcing the prices of the new motorcycles, Lal hinted that it would be priced between Rs 3 lakh and 3.5 lakh. (IANS)

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FIFA U-17 World Cup Director Javier Ceppi calls India a ‘Footballing Nation’

India recorded the highest attendance in a U-17 World Cup with 1,347,131 spectators.

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FIFA U-17 World Cup
Football match in progress. Wikimedia

New Delhi, October 29, 2017 : FIFA U-17 World Cup tournament director Javier Ceppi on Sunday heaped praise on India for hosting the meet and called it a “footballing nation”.

India recorded the highest attendance in a U-17 World Cup with 1,347,131 spectators. The earlier record was held by China in 1985 where 1,230,976 spectators witnessed football’s marquee tournament.

“Three years of hard work by all in LOC (Local Organising Committee) and we can finally say: job was done! India, you are a footballing nation, 1,347,131 fans say so,” Ceppi tweeted. India hosted 23 nations in the just concluded U-17 World Cup. (IANS)

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Ex-Pakistani PM Nawaz Sharif Indicted on Corruption Charges

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Muhammad Safdar
Muhammad Safdar, husband of Maryam Nawaz, daughter of ousted Pakistani premier Nawaz Sharif, waves from a a vehicle as he arrives at an accountability court in Islamabad. VOA

Islamabad, October 19: Former Pakistani Prime Minister Nawaz Sharif has been indicted on corruption charges stemming from information taken from the so-called “Panama Papers.”

The country’s anti-corruption court indicted the 67-year-old Sharif during a hearing Thursday in Islamabad. His daughter Maryam and son-in-law Mohammed Safdar were also indicted. Maryam Sharif and Mohammed Safdar appeared in court and pleaded not guilty to the charges.

A lawyer for the elder Sharif, who is in London with his wife as she undergoes cancer treatment, entered a not guilty plea on his behalf. Maryam Sharif angrily dismissed the allegations as “baseless.”

Sharif was disqualified by Pakistan’s Supreme Court and removed from office in July after leaked documents last year from a Panama-based law firm revealed the family held a number of unreported overseas assets.(VOA)