AC Milan vice-president named in Panama papers


The controversy surrounding the leaked Panama papers continues as AC Milan vice-president Adriano Galliani becomes one of the latest figures to be named in the scandal.

It seems the 71-year-old is one of a hundred Italian businessmen revealed to having set up an offshore account with the help of Mossack Fonseca, the company from which the 11.5 million confidential documents were leaked.

The full list of names is set to be published in weekly magazine L’Espresso on Friday, and will also includes people from companies linked to Milan President Silvio Berlusconi, although he isn’t directly named in the report.

“There are 100 [names] in total, entrepreneurs, professionals and managers from all over Italy,” revealed the editor-in-chief of L’Espresso Vittorio Malagutti. “Among the companies named in the Panama papers is Sport Image International, a company part of the Berlusconi empire based in the British Virgin Islands.

“Some 20 years ago the company were at the centre of a criminal investigation of under-the-table payments to some Milan players, including Ruud Gullit and Marco Van Basten.”

Among the administrators of Sports Image named in the report is Adriano Galliani and two then-directors of Fininvest, Giancarlo Foscale and Livio Gironi.

Whilst not linked directly, the report suggests that Berlusconi benefited from the work of Mossack Fonseca, with British Lawyer David Mills said to have created an offshore system to hold €775 million on behalf of the Fininvest patron.

L’Espresso have also revealed that among the other well-known figures named are Emanuela Barilla, a leading shareholder in the Mulino Bianco group along with brothers Guido, Luca e Paolo. Pharmaceuticals entrepreneur Stefano Pessina was another one mentioned.



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