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AC Milan denies Galliani wrongdoing amid reports of tax fraud probe in Italy

Allegations made against the club's chief executive on Tuesday have been labelled as "absolutely marginal and not founded."

AC Milan has issued a statement denying any wrongdoing by the club's chief executive Adriano Galliani after he was approached by the Naples public prosecutor as part of an investigation into alleged tax evasion in Italian football.

According to widespread reports in the Italian press on Tuesday, Galliani was one of 64 individual suspects spanning 35 clubs from Serie A and Serie B to fall under an investigation named 'Fuorigioco' – which translates into English as 'offside' – being conducted by the Naples public prosecutor.