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Chinaglia sought as cops step up Lazio probe

  • Story Highlights
  • Italian police arrest 7 people in swoop on crime group that tried to buy Lazio
  • Money for the planned takeover came from mobsters who tried to launder it
  • Three people still at large in a probe that targeted 9 Italians and a Hungarian
  • They include the former Italy and New York Cosmos striker Giorgio Chinaglia
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ROME, Italy (AP) -- Italian police arrested seven people Tuesday in a crackdown on an organized crime group that tried to buy Lazio football club with laundered money.

Chinaglia seen two years ago in the U.S. at a screening of 'Once in a Lifetime' - the story of New York Cosmos.

Chinaglia seen two years ago in the U.S. at a screening of 'Once in a Lifetime' - the story of New York Cosmos.

Three people were still at large in a probe that targeted nine Italians and a Hungarian who tried to acquire the club through money coming from the illicit activities of the Casalesi clan, a group of the Naples-based Camorra crime syndicate, Rome police said in a statement.

Among those still being sought was former Italy and New York Cosmos striker Giorgio Chinaglia, who is believed to have fled to the United States two years ago when authorities first ordered his arrest on charges of extortion and insider trading at Lazio, police official Gianluca Campana said.

Chinaglia, who helped Lazio win their first Serie A title in 1974 and later became the club's president, is accused of trying to influence the price of Lazio shares, prosecutors said in 2006.

He allegedly tried to oust current club president Claudio Lotito by falsely claiming that there was a Hungarian investment group interested in buying a controlling stake in the club.

At the time, Chinaglia gave interviews to Italian media denying any wrongdoing.

Tuesday's arrest warrant adds a charge of money laundering to the previous accusations.

Police said the investigation that stemmed from the 2006 probe, and culminated in the latest arrests, showed that the money for the planned takeover came from Casalesi mobsters who tried to launder it through transfers to foreign banks.

Lazio shares are traded on the Milan stock exchange.

Copyright 2008 The Associated Press. All rights reserved.This material may not be published, broadcast, rewritten, or redistributed.

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