Search

Extradition charge against Orient president Becchetti should be suspended

PUBLISHED: 08:00 07 March 2016 | UPDATED: 09:05 07 March 2016

Leyton Orient president Francesco Becchetti (pic: Simon O'Connor).

Leyton Orient president Francesco Becchetti (pic: Simon O'Connor).

Archant

Italian president of League Two club releases statement regarding extradition to Albania

The World Bank’s ICSID Tribunal has decided that Albania should suspend extradition and criminal proceedings against Leyton Orient owner and president Francesco Becchetti.

A statement issued this morning on the official club website read: “The World Bank’s International Centre for Settlement of Investment Disputes (ICSID) Tribunal decides that Albania should suspend extradition and criminal proceedings against the owner of Leyton Orient Football Club.

“In a unanimous and historic order issued on Friday in Washington DC following an arbitration hearing before the ICSID, the Government of Albania has been requested to ‘take all actions necessary to suspend’ the extradition proceedings in London against Francesco Becchetti, the owner and president of Leyton Orient Football Club and Mauro De Renzis, the manager of Agon Channel TV.

“In addition, the three-member Arbitral Tribunal also recommended that Albania suspend the underlying criminal proceedings against all the claimants to the case and that both sides come to an agreement on the preservation of the claimants’ assets, which had been seized by Albania, for the duration of the full arbitration. (ICSID Case No ARB/15/28 - Hydro Srl, Costruzioni Srl, Francesco Becchetti, Mauro De Renzis, Stefania Grigolon and Liliana Condomitti v Albania).

“Prior to Friday’s decision, no ICSID tribunal has ever gone as far as calling for the suspension of extradition proceedings, and there are only three known cases of ICSID tribunals ordering the suspension of criminal proceedings.

“In its decision - issued less than a month after the provisional measures hearing - the Arbitral Tribunal requested the suspension, clearly noting that ‘any obstruction of the investigation or prosecution of conduct that is reasonably suspected to be criminal in nature should only be ordered where that is absolutely necessary’ and confirmed that it ‘is satisfied that this is such a case.’

“The claimants brought the ICSID arbitration for violations of the Albania-Italy Bilateral Investment Treaty (BIT) following a number of ongoing attacks and harassment against them and their investments which include two television stations and a hydroelectric plant. One Claimant, Hydro Srl, is also concurrently involved in an ICC arbitration arising out of Albania’s breaches of its concession agreement for the hydro-electric plant.

“The claimants in the ICSID arbitration argued that in response to their assertion of their rights to arbitration, Albania consequently launched a number of ‘meritless and abusive’ tax investigations and criminal proceedings against them and their local investments, seized their Albanian assets and issued arrest warrants against Francesco Becchetti and Mauro De Renzis seeking to obtain their extradition from the United Kingdom.”


If you value what this story gives you, please consider supporting the East London Advertiser. Click the link in the orange box above for details.

Latest East London Sports News

Yesterday, 16:00

The Lewin Sports Injury Clinic is marking its first year of business – and it’s been a bizarre time because of the Covid-19 pandemic.

Yesterday, 10:38

In-form West Ham forward Michail Antonio has been ruled out of Saturday’s trip to Liverpool, but David Moyes is hopeful he will not be missing for too long.

Yesterday, 10:00

Leyton Orient head coach Ross Embleton admits they’re missing special moments without fans in the ground as they head into another hectic week.

Thu, 13:00

Leyton Orient captain Jobi McAnuff has backed English Football League chairman Rick Parry’s combative letter to the Government and revealed the toll on players caused by the continued absence of fans from matches.

Wed, 16:00

London Lions have added Great Britain centre Fahro Alihodzic to their roster as they approach the start of the domestic season and look to January’s FIBA Eurocup campaign.

Wed, 15:00

A programme to get more youngsters involved in outdoor sport is being started at Mile End stadium in the search for “the hockey stars of tomorrow”.

Wed, 13:00

West Ham United fan and budding journalist Kwame Boakye is feeling optimistic under manager David Moyes.

Wed, 10:00

Leyton Orient head coach Ross Embleton was ‘disappointed’ that his side failed to push on after early lead as they drew 1-1 with Exeter City.

PROMOTED CONTENT

Did you know? UCAS gets almost 3 million university applications from around 700,000 people each year. That’s a lot of competition. So how can your son or daughter stand out? 

With winter fast approaching, it is now more important than ever for us all to carry on following COVID-19 precautions to help stop the spread of the virus by always observing the three-tier local restrictions and remembering three key words – Hands, Face, Space.

The NHS COVID-19 app can make a real difference to how we all tackle the pandemic, protecting our loved ones and those most at risk from coronavirus. Everyone aged 16 and over across England and Wales can download the app for free and play their part in combating the pandemic.

Digital Edition

cover

Enjoy the
Docklands and East London Advertiser
e-edition today

Subscribe

Education and Training

cover

Read the
Education and Training
e-edition today

Read Now

Latest from the East London Advertiser