Pietro Berardi, the chief executive officer of AS Roma, was terminated on Monday, the club said. This decision was made a few days after prosecutors acquired records at the Serie A club as part of an investigation into alleged financial irregularities in transfer dealings.

A brief statement was released by Roma, which is now in third position in the Italian top flight. In the statement, Roma stated that it has “terminated all relations” with Berardi “with immediate effect.”

They did not offer a justification for their decision.

Roma fires CEO amid transfer inquiry 2023 2

Roma, third in the Italian league, stated it has “terminated all relations” with Berardi “with immediate effect.”

On April 5, prosecutors carried out raids at Roma and Lazio, their city rivals, as well as another Serie A team called Salernitana. The records that were taken were connected to parts of transfer agreements at all three clubs, including the processes that were used to calculate transaction prices. Salernitana was also a city rival of Roma.

Roma has stated that it is “cooperating with the competent authorities and hopes that full clarity will be provided on the matter as soon as possible.” Roma has also denied any wrongdoing and stated that it is “cooperating with the competent authorities.”

The inquiries are a direct result of an inquiry that was opened by prosecutors in Turin into an alleged fraudulent accounting on player transfers. This investigation resulted in a sports court docking Juventus, the most successful soccer team in Italy, 15 points in January.