Gian Mario Rossignolo, the chairman of De Tomaso, has been arrested under suspicion of misusing $9.2 million in public funds, according to Reuters. Rossignolo was taken into custody alongside both the company's head of human resources and a financial intermediary as part of the probe. The executive's lawyers weren't immediately available for comment, though police say De Tomaso may have used a false bank guarantee in order to receive money from the European Union. Those funds may have wound up in the trio's personal bank accounts.
Autoblog , De Tomaso chairman arrested amidst accusations of misappropriated funds
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