article_snippet: the club Parma have suffered another blow with the arrest of the club new owner and president Giampietro Manenti.
article_snippet: Italy’s financial police said Giampietro Manenti was accused of investing illicit money and say Giampietro Manenti was one of 22 people arrested on Wednesday.
article_snippet: According to La Gazzetta dello Sport, Giampietro Manenti is under investigation for various acts of financial irregularity including money laundering and fraud.
article_snippet: Parma’s was arrested for alleged involvement in money laundering .
article_snippet: Giampietro Manenti took over as Parma’s new owner and president last month, agreeing to pay off the club Parma’s debts, which are estimated at nearly 100 million euros (£72.4m).
article_snippet: Giampietro Manenti became the third owner of Parma this season after purchasing the club for a nominal sum from a Russian-Cypriot group in February.
highlights_snippet: Giampietro Manenti took over as Parma's new owner last month .
  