Over €1.2 Billion Seized from Campari Shareholder Lagfin
Discover the consequences of the seizure of over €1.2 billion from the Lagfin holding company, currently under investigation for tax fraud.
Details of the Seizure
A significant operation took place in Milan, where the Guardia di Finanza carried out a precautionary seizure of over €1.29 billion against the Luxembourg holding company Lagfin.
Investigation and Charges
This measure, issued by the Monza prosecutor's office, is the result of an investigation into alleged crimes of fraudulent statement and administrative responsibility of legal persons.
The affair originates from a tax audit which brought to light irregularities linked to a merger between Lagfin and its Italian subsidiary, which held the majority shareholding in Davide Campari-Milan.
Financial Implications
The investigation revealed that, at the time of the merger, capital gains of over €5.3 billion were not declared, generating a tax debt of approximately €1.2 billion.
No comment from Lagfin was available at the time of writing.
Author's summary: Lagfin faces tax fraud investigation.
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