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Campari Chairman's Legal Woes: Holding Co. Denies Involvement
9 Oct
Summary
- Lagfin denies involvement in criminal proceedings against Campari chairman.
- Proceedings against Lagfin dismissed due to statute of limitations.
- Lagfin states it cannot suffer financial loss from these proceedings.
Lagfin, a family holding company based in Luxembourg that holds control over Campari, has issued a statement clarifying its non-involvement in ongoing criminal proceedings targeting the Italian drinks group's chairman, Luca Garavoglia. The company emphasized that any legal actions initiated against Lagfin regarding this matter have already been dismissed.
This dismissal was granted on the grounds of the statute of limitations. Lagfin further elaborated that, as a result of these concluded proceedings, it is not in a position to suffer any financial loss or prejudice. The statement was released on Thursday, October 8, reinforcing the company's detachment from the chairman's legal situation.
