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COMPANY TOWN ANNEX

Times Staff and Wire Reports

Businessman Faces Charges Over Failed MGM Deal: U.S. Magistrate Judge Stephen Hillman ordered Giancarlo Parretti extradited to France to face fraud charges linked to the Italian businessman’s failed purchase of MGM studios. The magistrate ruled that the French government had established probable cause that Parretti committed fraud, theft and embezzlement. Parretti was released on $100,000 bail pending the extradition order, which his attorneys said they would appeal.


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