Former Chelsea manager Antonio Conte is fighting to recover a whooping £27 million he lost to a scammer in the UK.
According to The Times, the Italian is taking actions against Kidman Asset Management, after investing the huge amount in the company.
Along with seven other investors, Conte is taking action against the company’s chief, Massimo Bochicchio, after failing to receive the returns they say they’d been promised.
Bochicchio, has seen £47m worth of assets frozen, including the West London flat in which Conte lived during his Chelsea tenure.
The freezing injunction was granted by judge David Foxton on July 17 after Bochicchio was found to have “breached the terms of eight settlement deeds” that had been agreed with the investors back in May.
As well as Conte, Bochicchio is reported to owe £6.5m to Palesa Sarl, a company based in Luxembourg.
The claimants believed that their money would be guaranteed by HSBC, for whom Bochicchio worked between 2006 and 2012.
But in reality, the bank had nothing to do with the deals.
The former Chelsea coach who was successful in England showed the court a faked document that had appeared to come from HSBC.
Lawyers also claimed that Bochicchio “agreed to hand over account statements, books and records from Kidman Asset Management” – but in fact did not do so.
And he has also failed to provide documentation proving “the nature of third parties” within the agreements, as well as where money was being spent – according to the lawsuit.
Failure to comply with the injunction could even see Bochicchio imprisoned if he is found to be contempt of court
I’m tired of people telling me what to do, DJ Cuppy cries out
I couldn’t face my family and friends, BBNaija Erica reveals
Colombian woman missing for two years found alive floating at sea
Super Eagles defender Troost-Ekong joins Watford
Carabao Cup: Chelsea crash out after penalty shootout with Tottenham
I don’t trust Nigerian politicians- Burna Boy
‘The strongest, most powerful force in my life’, FFK hails third wife
Nigeria at 60: Sustain legacies of founding fathers, Imo APC urges Nigerians
Popular showbiz duo, Obi Cubana, Cubana Chief Priest part ways
Ex-convict, 50, caught raping four-year-old girl in Bauchi mosque (Photos/Video)
31-year-old lady begs lover, 25, to marry her (Screenshots)
Lady who has never been to UK wakes up from coma with British accent
Lagos community react to cemetery project, says we need schools, hospitals not a public graveyard
Rats terribly damage ABSU student’s property during lockdown
Mozambique bans cultured fish importation from Malawi
Just in: Oshiomhole, Bello, Ganduje, El-rufai on US Visa ban
VIDEO: Reviews of Obaseki’s victory, woman’s wedding anniversary with tree, missing girl
VIDEO: Olojo festival in Ife, Osun State
VIDEO: Victims recount horrors of Lagos gas explosion
VIDEO: I need a job to feed my family, pay rent – Nigerian legendary boxer, Jerry Okorodudu
VIDEO: Does Nigeria have the lowest price of petrol in Africa?
VIDEO: Gas explosion in Ajuwon, Lagos
Edo election: You win some, you lose some, but life goes on – Oshiomhole
Unstoppable: She lives in a wheelchair, draws with impaired hands but create beautiful pencil art (VIDEO)
- Metro19 hours ago
Woman, 46, sneaks into ex-boyfriend’s house rapes his six-year-old son
- Entertainment22 hours ago
Laycon unfollows Erica hours after she refused to follow back
- Entertainment18 hours ago
BBNaija’s Nengi reveals true feelings for Laycon
- Entertainment13 hours ago
‘You’ve never led protest like Fela’, Sowore tells Burna Boy
- Sports20 hours ago
My dad advised me to cut my hair before Costa fight – Adesanya
- News13 hours ago
FG reacts as court fines Senator Abbo N50m over sex-toy shop assault
- Entertainment13 hours ago
Mike Bamiloye’s daughter, Lawrence Oyor release pre-wedding photos
- Entertainment10 hours ago
Nigerians drag fans who bought land for Mercy Eke on 27th birthday