TIM shares fell 3% after mid-session on the Milan Stock Exchange after the registration was made public
This Wednesday, the Italian police searched the offices and homes of two directors of Telecom Italy (TIM) and the cybersecurity company Ntt Dataabout which there is suspicion of a crime of corruption, which includes a bribe of 50,000 euros for TIM’s lawyer, according to the Italian agency Ansa.
Specifically, they aim to two episodes of corruption between individuals, one of them with the bribe of about 50,000 euros. TIM Spa attorney Simone De Rose, who has “management functions” in the company, would have received “improper money on two occasions” from Ntt Data lawyer Emilio Graziano. “TIM’s lawyer received 50,000 euros on February 22 and an unquantified sum on May 15.”
Thus, agents of the Finance Guard (financial police) this Wednesday executed an order for “premises and home search and simultaneous seizure against two people linked to the listed companies TIM and Ntt Data Italia for alleged corruption,” the Prosecutor’s Office noted. from Rome in a note. “The searches are carried out at the homes of the subjects as well as in some offices of the aforementioned companies,” the statement adds.
For its part, TIM has confirmed the registration and has assured in a statement that “will cooperate with investigators to determine any possible liability.
TIM shares recorded a 3% drop after the mid-session at the Milan Stock Exchange.
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