Italian police seize $1.5B in assets from Campari's controlling shareholder amid tax fraud probe

Italian tax police seize over €1.2 billion from Lagfin, a holding company linked to Campari Group, amid tax fraud investigation. The seizure is part of a probe into Lagfin's handling of a merger with its Italian subsidiary and potential tax evasion. Lagfin maintains it has followed all Italian laws, and the investigation is between the holding company and Italy's tax authorities, not Campari Group itself. Despite the massive asset seizure, Lagfin's control over Campari remains unaffected due to its majority ownership.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.