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Foul-Mouthed Tycoon's Italian Home Raided in £850M Fraud Probe
1 Feb
Summary
- Italian police raided Christopher Downing's Venice home.
- The investigation concerns the collapse of the £850 million Home REIT fund.
- Downing controversially compared his negotiation tactics to a rapist.
Italian financial police recently raided the Venice residence of Christopher Downing, a prominent property developer implicated in the collapse of the £850 million Home REIT fund. Officers spent approximately five hours at the property, seizing electronic devices and documents as part of a fraud investigation. This action occurred concurrently with raids and arrests made by the UK's Serious Fraud Office, which is investigating alleged bribery and fraud related to Home REIT's former management.
