House search at casino boss linked to Schotte

POSTED: 12/2/14 6:57 PM

WILLEMSTAD – The house of the casino boss Francesco Corallo was searched by the local authorities in St. Maarten. This was done at the request of the Italian public prosecutor. The Criminal Investigation Team did also a search at the Atlantis Casino in Maho. In the casino there are a number of companies established by the 54-year-old Corallo. Which he runs with the 48-year-old Rudolf Baetsen.

Corallo has a casino empire in St. Maarten and Curacao. He is also known as the financier of former Prime Minister Gerrit Schotte. During his term in 2011 Schotte offered Corallo a high position with the Central Bank of Curaçao and Sint Maarten.

Initially Rudolf Baetsen, CFO of Corallo’s casino empire, took that position offered by Schotte. He resigned when there were protests from Curacao about his possible ties to the Italian mafia.

The request for this search comes from the District Directorate of the Italian anti-Mafia Prosecutor. That leads to an investigation into Corallo by the Guardia DI Finanza in Rome.

Earlier this year, at the request of the Public Prosecutor in Willemstad, there was probably already a search done in the home of Corallo in Italy.

In 2013 Corallo filed a complaint against the Netherlands, because a letter from the Italian authorities was leaked to the media. In that letter, the Italians indicated that the suspect Corallo of involvement in international drug trafficking and money laundering.

Corallo demanded a rectification. But the court in The Hague did not rule in his favor.


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