The FIGC have announced that Chievo have been deducted three points as a result of their accounting issue, in which it was determined that they committed capital gains fraud.
It relates to the Flying Donkeys creating fictitious profits in their accounts that would not otherwise have existed by overstating the amounts received in transfer dealings with Cesena.
In addition to the three point penalty, the Italian Football Federation also announced that the Veronese outfit have been fined €200,000.
“The disciplinary committee of the federation, chaired by Cesare Mastrocola, has accepted the prosecutor’s bid to sanction Chievo with a three-point deduction for the current season and a fine of €200,000,” read a statement.
“Club president Luca Campedelli has also been banned for three months, while there are one month and 15 day bans for Piero Campedelli, Giuseppe Campedelli, Michele Cardioli and Antonio Cardioli.”
It was also confirmed that no action or punishment will be taken against Cesena for their part in the situation.
The decision now leaves Chievo on -2 points for the campaign, having picked up just one draw and two defeats from their opening three games.