Flavio Becca attacked by environmental movement

Everyone is talking about Flavio Becca once again. The environmental movement (Meco), while carrying out its own investigation into the project to build a football stadium and a commercial area in Livange, has followed the trail back to him. Meco believes that this raises questions regarding the collaboration between the state and Becca as a promoter.

"We did not concentrate our research on Flavio Becca because of his recent troubles with the law", stated the Blanche Weber, president of the Meco..

Becca-state relationship bothers Meco within the Livange plans and the role he played, together with the government, in selecting the the site to build the football stadium and shopping centre.

External auditor used

First Meco observation: In most companies involving Flavio Becca, accounts are audited by a commissioner, not an external auditor. "At first nothing is illegal here," said Blanche Weber, "where it goes wrong is in some companies, the commissioner's work is subcontracted to a company in which there is a member board of the company it is controlling. " This is clearly a conflict of interest in Meco’s eyes.

The company "Promobe Finance" has also been attacked by the environmental movement. According to the president of Meco, the company "Livange Developpement" founded by "Promobe Finance" is due to publish its report only three years after its creation, which flaunts the law. "The law states that financial reports should be published regularly," she said.

Meco, indirectly, criticises BCEE

Meco questions the relationship between Flavio Becca and Jean-Claude Finck, Managing Director of BCEE. According to the association’s research, they are both members of the board of directors for the company founded in December 2009 by Becca and Eric Lux "Lynx Investment Management”.

Meco sees this as a conflict of interest. "Seen from a certain angle, one might say that the head of the BCEE had a say Becca’s loans," said Blanche Weber, "one wonders if Jean-Claude Finck was a member of CA Lynx Investment Management as director of BCEE or as a private member.”

BCEE has refuted these arguments via a statement explaining that if its members serve on a board of directors of a company, it is totally personal. The bank is no interest.