Police raid Inter Milan Offices as Part of a Financial Investigation.

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Inter Milan, the Serie A champion, was the latest team to be raided by finance police on Tuesday as part of an ongoing probe into fake accounting.

Police raid Inter Milan offices as part of finances probe
Inter Milan Stadium

Last month, authorities raided Juventus’ offices in order to obtain information on player transfers and agency interactions between 2019 and this year.

The records requested by Inter were related to player sales in the 2017-18 and 2018-19 seasons, according to the club.

“The Milan Public Prosecutor’s Office made the request to ensure that the required capital gains were properly reported in the accounts,” Inter stated in a statement. “The financial statements of the club have been prepared in accordance with the most stringent accounting norms.

Police raid Inter Milan offices as part of finances probe- The New Indian  Express

“No Inter employee is being examined,” says the statement “Added the club. “There have been no charges filed. These are preliminary inquiries,” the Public Prosecutor’s Office said in a statement.

The inquiry focuses on inflated player valuations, which allow players to move from one team to another for significantly more money than they are actually worth. These capital gains are referred to as “plus valence” and are a type of accounting fraud.

Similar deals are apparently being studied by more clubs in Italy and Europe.

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