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With De Tomaso finally biting the dust just days ago, reports are flying that the company’s chairman, Gian Mario has been arrested facing allegations claiming that $9.2 million in public funds were misused when De Tomaso tried to turn the company around. The reports come from Reuters and also state that another two former employees from De Tomaso have been arrested with the man once responsible for leading De Tomaso’s human resource department being one of them. Amidst the allegations include ones stating that these employees may have unfairly received public funds and then transferred the funds directly into their personal bank accounts. These claims are yet another thorn in the brand’s recent fall from grace and despite many hoping that De Tomaso could turn these misfortunes around, it seems that the company will never be a part of the automotive industry again. The claimed misuse of funds are actually similar to those of former Lotus CEO Dany Bahar who is also being investigated, and if Mario and the other two employees being investigated are found to be guilty, then prison time could be in order. .
17 comments: De Tomaso chairman arrested amidst allegations of public funds (...) De Tomaso must have his side heard and judged. They also have to know where is the money, and it should be returned. If they can’t have the money back, he has to pay for it. No matter what it takes and how much it cost.
 I think the best way to do is to return the fund for the company so that this issue will cease, but we have to know the real story behind this.
 De Tomaso chairman arrested amidst allegations of public funds misuse
Comment: Using the company’s fund in personal expenses might be one of the reasons.
 He must be guilty about having accusations like that. Poor company that they have to suffer from the mismanagement by its governing body.
 I’ve never heard them anyway. This issue must be resolve for the sake of the company. Where must the funds by now?
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Posted on
07.24.2012 @ 03:02