NEW YORK/MILAN -- Lapo Elkann, grandson of the late Fiat patriarch Gianni Agnelli, was arrested and charged in New York with falsely reporting an incident, police said today after media reported that he was suspected of faking his own kidnapping.
A police spokesman said there was an investigation into an "unlawful imprisonment" which turned out to be false information. He said Elkann, 39, had been released following the charge and the matter was now in court. He had no other details.
American and Italian newspapers quoted unidentified police sources, including in New York, who said Elkann had allegedly faked his own kidnapping over the weekend after he ran out of cash during a Thanksgiving weekend bash in the city.
Elkann's publicist declined to comment. The Agnelli family's investment holding Exor had no comment.
Elkann, who is also the brother of Fiat Chrysler Automobiles Chairman John Elkann and heir to Italy's biggest industrial dynasty, nearly died of a drug overdose in 2005.
In 2007, he founded sunglasses company Italia Independent, which debuted on the Milan stock market in 2013.