Italy's WPP Fraud Investigation Continues to Expand

The row continues for embattled Italian advertising company, WPP, with the addition of a lawsuit being brought against chief exec Martin Sorrell by former WPP manager Marco Benetti.

Via ThisisMoney.co.uk:

Sorrell orders Swiss bank inquiry

by Jon Rees
Mail on Sunday
February 12 2006

The bitter battle engulfing the Italian operation of advertising giant WPP grew even more ferocious this weekend. Investigators are probing a Swiss bank linked to alleged frauds at WPP Italy, while the group's chief executive, Sir Martin Sorrell, has been threatened with legal action.

Sorrell fired Marco Benatti, manager of WPP Italy, last month and filed a writ in London against him for breach of their consultancy agreement. Two more executives are expected to be fired within days, and Giovanni Bossi, chairman of the Italian arm, is likely to follow...

Check out the full article here.

-- MDT