Dutch-Italian businessman Bruno Michieli has been fully acquitted of a money laundering charge in a broader trial examining alleged mafia ties in Italy’s gambling industry.
A court in Reggio Calabria ruled that Michieli did not “materially contribute” to an alleged conspiracy to launder criminal proceeds through the 2017 acquisition of Italian gaming software company Talenta Labs by Dutch private equity firm Ramphastos. Judge Antonino Foti found that Michieli acted only as a technical intermediary in the transaction and played no role as a decision-maker or instigator of any illicit activity.
