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 Posted by ESPN Staff
Jan 17, 2007

Inter and AC Milan chiefs face new probe

ROME, Jan 17 (Reuters) - The president of Inter Milan and the vice president of AC Milan have been placed under investigation by an Italian magistrate probing false accounting in Serie A football, a judicial source said on Wednesday.

Milan public prosecutor Carlo Nocerino plans to summon Inter's Massimo Moratti and Milan's Adriano Galliani for questioning in the investigation into possible balance sheet irregularities, the source told Reuters.

The prosecutor is investigating whether clubs manipulated their balance sheets by inflating the prices of players they bought and sold, the source said.

In Italy, being placed under investigation does not indicate guilt and does not necessarily lead to criminal charges.

Inter Milan refused to comment on the news, although they had previously said they were confident they would be able to refute any claims of financial irregularity. AC Milan have also insisted their books are correct.

Milan's public prosecutor has questioned whether Inter could have passed the financial tests required to take part in the 2004-05 Serie A season without improperly adjusting its accounts.

Nocerino intends to hand his findings to the Italian Football Federation, which could then decide whether to open its own investigation, the judicial source said.

Last September, Rome magistrates called for the president of AS Roma, Franco Sensi, and the former president of Lazio, Sergio Cragnotti, to stand trial for false accounting. Both men denied the accusations.

Other investigations into false accounting in Italian football are under way in Genoa and Turin.

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