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Carroll House owner arrested in Switzerland.

ANTONIO BALZARINI, the owner who won the 1989 Arc with Carroll House, was arrested in Switzerland on Saturday for the alleged laundering of money involved in a kidnap.

According to a report in yesterday's Corriere della Sera, the 65-year- old, who has not been charged, is in custody in Lugano.

The paper says that police became involved in the affair when they arrested one of the suspected criminals, Giovanni Farina, in Australia for allegedly failing to declare a large amount of money he was bringing into the country. He is awaiting trial in Australia.

Farina, who attempted to escape when brought to court, had given a false name, but was identified when his fingerprints were sent to Italy. It is alleged he had been one of a gang who kidnapped an industrialist, Giuseppe Sostiantini, near Brescia in October last year.

The kidnappers demanded a ransom of $2.5 million, all to be paid in American currency, but had to shoot their way out when police attempted to intervene while the first contact was being made at Rio Freddo in central Italy. One policeman was killed, and payment was eventually made two months later.

The kidnappers had opened an account with Credit Suisse in Marsocco, Switzerland and, while Farina was under arrest, he allegedly asked the bank to send money to him under his false identity in Australia.

When questions were asked at the bank, it emerged that three people had arrived with $1.5 million in dollar notes to open the account. It is alleged that one of them was a lawyer, who brought a reference from Balzarini, while the money was carried by another racehorse owner, Francesco Biaggio Zizi. Zizi, who has also been arrested, was once a regular buyer at the Doncaster Sales.

Balzarini, who no longer has horses trained in England, also won the 1989 Derby Italiano with Prorutori, trained (like Carroll House) by Michael Jarvis, the 1989 Gran Criterium and 1990 Premio Parioli with Candy Glen, and the 1990 Oaks d'Italia with the home-trained Atoll.
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Title Annotation:Sports
Publication:The Racing Post (London, England)
Date:Oct 19, 1998
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