The figures, timing, and dates in the €243 million financial investment conducted by Abbanoa with Credem Euromobiliare don't add up. This is according to Paolo Truzzu, the leader of the Brothers of Italy group in the Regional Council, who, after reviewing the documents relating to the matter—obtained through access to documents—continues to speak of "hypothetical damage to the treasury." He has even announced a complaint to the National Anti-Corruption Authority (ANAC) and the Court of Auditors.
Regional President Alessandra Todde, who had already been implicated, defended the water utility's decisions: Abbanoa, she said, "is a legal entity with full management, organizational, and accounting autonomy." She explained that the company's board of directors had established the Asset Management Committee, granting it operational mandate, and that the committee deemed the proposal put forward by Credem Euromobiliare, a "primary" institution with a prudent risk profile, "advantageous." In short, Abbanoa would have gained by entrusting €243 million to a private entity. The decision, Todde claims, was made after a thorough investigation.
Truzzu is not convinced that everything happened as the governor reconstructed: "The documents provided by Abbanoa demonstrate that the choice of Credem Euromobiliare Private Banking as a financial intermediary was essentially made by management, before the establishment of the Asset Management Committee and before any board resolution specifically authorizing financial investments."
And here are the dates: Credem's proposal of March 4, 2025, the opening of the dedicated current account (June 29, 2025) and the meeting with Credem's top management (July 8, 2025) "all precede the Board of Directors' Resolution (July 30, 2025) and the establishment of the Asset Management Committee (August 6, 2025)."
The decision to invest in Credem, Truzzu accuses, "was made by the CGP in just 48 hours (August 6-8, 2025), without any real comparison with other intermediaries, without any approval of the Financial Management Guidelines by the CGP and the Abbanoa Board of Directors."
