Home » Chinese take over a company in the Pordenone area that supplies the armed forces and violates the Italian law on armaments

Chinese take over a company in the Pordenone area that supplies the armed forces and violates the Italian law on armaments

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The company – which among other things designs and manufactures military-type “Unmanned Aerial Vehicle” UAV systems certified for NATO “stanag” standards – has already been investigated by the Gdf of Pordenone for an alleged violation of the embargo international against Iran for a sale of military drones to the Islamic Republic.

PORDENONE. Violation of the law on the handling of weapons materials and possible violations of the so-called “golden power” legislation which protects strategic Italian companies.

These are the crimes contested by the Guardia di Finanza of Pordenone against an Italian company, the Alpi Aviation of San Quirino, which produces military drones, aircraft and spacecraft, the majority of which – the investigations confirmed – was detected, through an offshore company, by two major Chinese state-owned companies.

Among other things, the company supplies the Italian armed forces and is therefore subject to specific controls and supervision. The Gdf denounced 6 managers (3 Italians and 3 Chinese).

The company – which, in fact, among other things designs and manufactures “Unmanned Aerial Vehicle” UAV systems of a military type and certified for NATO “stanag” standards – has already been investigated by the Gdf of Pordenone for an alleged violation the international embargo against Iran for a sale of military drones to the Islamic Republic. Subsequent investigations have ascertained that the company, in 2018, was purchased, for 75 percent, by a foreign company in Hong Kong, and that it was valued with a value of the shares significantly revalued compared to the nominal one (90 times higher: 3,995 .000 euros against 45.000 euros). According to the investigators, the buyer, through complex corporate shareholdings, would be attributable to two important government companies of the People’s Republic of China. A corporate takeover perfected so as not to bring out the new shareholder, with delays in administrative communications and failing to inform the Presidency of the Council of Ministers in advance of the purchase of the majority of the company, violating the so-called “Golden Power” which attributes special powers to the Italian authorities on the corporate structures of strategic realities in various sectors. The purchase would not have had investment purposes but the acquisition of technological and military know-how, which prompted the planning of the transfer of the production structure to the technological hub of Wuxi, a city-laboratory of Chinese artificial intelligence near Shanghai. Transactions not formalized, according to the Gdf, in company deeds and for which prior authorization had not been requested from the competent Italian ministries. The Yellow Flames also confirmed the export to China of a military UAV for the “Shanghai International Import Fair” for over a year (in 2019). The military equipment had been declared to export customs offices not as a ‘UAV system’ or ‘drone’, but falsely as a ‘radio-controlled model airplane’.

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Here, in a summary diagram, how they operated

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