Former Conad Executives Investigated in Graft Probe

Bologna: Prosecutors have put nine people under investigation, including former executives of Italian supermarket group Conad, in a major corruption probe, sources said on Thursday. The case involves alleged bribery and self-laundering related to Conad’s acquisition of stores previously owned by the French group Auchan, which exited the Italian market in 2019.

According to Ansa News Agency, former Conad CEO Francesco Pugliese and former finance director Mauro Bosio are among the individuals suspected in the investigation. The finance police have taken action by seizing assets worth more than 36 million in connection with the probe.

Conad is identified as an injured party in the proceedings, which highlights the depth of the investigation and the potential impact on the supermarket group. The ongoing probe underscores the seriousness of the allegations and the involvement of high-profile former executives.