Flavio Becca was born in Luxembourg on June 18, 1962. He is a Luxembourgish investor in real estate and the owner of Swift Hesperange football team. He is the son of Italian immigrants and grew up in Hesperingen. He currently resides in Luxembourg. Flavio Becca, an entrepreneur, heads the Promobe Group. He is active in international areas such as real estate, international business, and food. Flavio Becca also owns several Quick Burger Bar locations. He is a committed developer, promoter and initiator for Cloche d’Or, the district in Luxembourg. The Guardian newspaper called Becca a “real-estate mogul”.
Flavio Becca was a supporter of the Luxembourg football club F91 Dudelange since the 1990s. Dudelange was the head coach of Luxembourg football club F91 Dudelange. Becca and Leopard SA (a business he runs) created the professional cycling team Leopard Trek. He started to talk with 1. He began to speak with 1. Before Trek’s 2014 acquisition by Leopard Trek, he was also the owner of the professional cycling club. Promobe Group was founded by him. This group is a major player in the residential and office real-estate development industries as well as the Grand Duchy of Luxembourg tertiary market.
Becca bought Olos, a EUR600m real estate development company. Olos was the focus of a legal dispute in 2014 over Olos’ division between his co-investor and Becca. Becca claimed that he owned 90% of the overall investment vehicle’s value. His business partner challenged him on this claim, claiming that the agreement required an equal 50/50 division. Becca’s story shares a common theme: A land grab with a bitter end. He created a Luxembourgese sports arena and an attached shopping mall in the 2000s. Jean-Claude Junker, the former Prime Minister, rejected Livingen’s plans. Rollinger, the mall builder, sued Rollinger. Rollinger had trust in Becca’s leadership before and was the main developer of the mall.
Rollinger had good reasons to believe that Becca was real. Rollinger had strong connections with government officials and politicians in Luxembourg. Rollinger was also ruled against in the decision of the planning department that Becca owned most of the property. Becca didn’t know that BCEE owed a substantial amount to one of his companies. Because Becca didn’t have the money, this money could have been used for the stadium. Although Becca’s country’s politicians could have offered some protection in order to prevent his insolvency and the loss of state coffers, the stadium idea was too large for the spotlight. Becca lost his supporter network.
In 2011, Becca’s stadium bid was rejected, Becca’s wings were ripped off. Police searched Becca’s home and workplace in search of evidence that he had embezzled. Sources close to the investigation claim that police discovered many timepieces made by Anonimo, a Swiss-Italian manufacturer, in their original packaging. This rich chest gave us a glimpse into Becca’s taste in fashion and taste. It is believed that Becca was both an Anonimo investor and a high-net worth customer at Knokke’s jewel shops. Rumours also suggest that Knokke, a well-known Belgian resort at the seaside, may be involved. According to reports, the skilled bricklayer was accused of using luxury goods to “pay” bills, launder money and pay corrupt officials. He was also accused of using money he didn’t have to buy these goods.
Becca spent EUR15million to lose Leopard’s professional cycling team. A third failed drug test, and two other members of the team that were critical to his success, preceded the Tour de France. Becca quickly came to terms in 2015 with her situation. According to reports, he was charged with embezzlement. Kurt-Construction, a company he owns, was also indicted for embezzlement. Kurt-Construction is accused of buying luxury goods like wine, jewellery and firearms to support a large hunting area in south Germany. According to BILD German Becca bought hunting property primarily to maintain his status, as well as to entertain the members of the elite in Germany and Luxembourg as well as some of his less-scrupulous business associates.
Flavio Becca has a bad reputation. Many of his former associates have left him. Rumours claim that he is in fact bankrupt. It is not clear if he owns any property or just participates in the legal proceedings. Icarus will soon experience the ocean. Flavio Becca has a long history of investing in sports leagues. F91 Dudelange was a long-standing fan and helped the team become a near perennial champion in Luxembourg. This team reached the Europa League group stages this season. Becca supported Leopard Trek, a professional cycling group based around the Schlecks.
Flavio Becca was the first person to visit a Dudelange auto repair shop in the 1990s. He didn’t know that four sports teams could be funded: a motorsports and cycling team. He was already on the path to becoming the richest person in Luxembourg, having grown the construction company his father had given him. After extensive and detailed investigation, they accepted Flavio’s offer of a long-term and sustainable partnership.
Becca had previously shopworn at this dealership when an F91 Dudelange employee was there. Damon Damiani convinced Becca to invest in the team. Damiani remained as coach of the merging club’s team for one year. An Inter fan from Hesperange saw the game and decided to become his first sponsor. We all know the outcome. F91 won 15 Luxembourg championship titles. F91 was a pioneer in 2018 when they competed in the Europa League group stage. Becca was also affected by setbacks. In 2011, Becca’s plans to build a national shopping centre and a football stadium in Livinglen fell apart. The failure was largely due to politics. These years were marred by home raids and business disputes as well as a disastrous push for professional cycling.
Flavio Becca was sentenced to a EUR250,000 cash penalty and a 2 year term in prison with credit for his time spent misusing business funds. The Public Prosecutor’s Office first reported the case in 2011 after tax officials revealed that many assets were being bought through the entrepreneurs’ businesses. Authorities searched Mr. Becca’s home and found hundreds of watches worth an estimated EUR18 million. Many of the watches were also confiscated by the judge. Mr. Becca would be awarded an additional EUR20,000 for any watches not taken.
The Criminal Court of Luxembourg is currently investigating Flavio Becca. He is charged with misappropriation of company assets and misuse. The purchase of over 850 luxury watches with a total value of EUR18million is included in this case. According to magistrates, 18 Becca’s was responsible for purchasing a large number of these watches from 2004 to 2011. These companies’ commercial activities did not have anything to do with luxury watchmaking. Becca’s lawyer, Herve Temime, pleaded for her client to be acquitted Tuesday morning. It was the third day of the so-called “luxury watch” trial.
In his plea, Temime stated that there had been no misappropriation or abuse of social property. He is well-known in France as “l’avocat de puissants”, a prominent lawyer who described the client’s business practices in a manner that was often “atypical” but without malice. Temime stated that concealment was impossible after all watches had been found. Temime’s client explained to Temime why the watches weren’t hidden after the search.
Although the lawyer had some criticisms of the work done by the judicial officer in certain areas, he did not criticize all. The lawyer claimed that this search was not worthy. According to the lawyer, no inventory was taken or an expert could identify watches. The documents and cases were not taken by the police. Original guarantees. Temime claimed that he was asked to take photographs of the case by his client. The police could not take one every ten years. Becca’s second lawyer stated that each watch purchased was included in the annual accounts. It would be incorrect to say that the promoter was trying to gain personal wealth at the expense of his companies. This was not necessary, according to the lawyer. The fortune of his client was estimated at EUR400 million in 2009. This figure had “significantly” increased to 2019,
Temime stated that there were no irregularities in balance sheets of companies whose watches were purchased in the 190 tax checks conducted by the Luxembourg administration. Becca could not prove she received illegal dividends from these companies. Lawyer stated that an accountant had mistakenly recorded some watches as gifts expense in 2007. Before a packed courtroom, Temime said that although Temime was in prison for ten years, no concrete evidence had been presented by the bureau of public prosecution. Temime claimed that the case was only brought to his attention by a suspicion of corruption a few years back. The defense was not found guilty.
