The financiers of the Economic and Financial Police Unit of the Financial Police of Venice have implemented an urgent preventive seizure decree of the total amount of 8,802,525.39 euros, issued by the Public Prosecutor’s Office of Venice. This action aims to ensure the protection of tax credits, money and assets attributable to a provincial construction company, its legal representative and its sales manager, all of whom are being investigated for alleged illicit profits. They are believed to have obtained these profits through the creation, assignment and improper offsetting of tax credits believed to be non-existent, including by issuing invoices with untrue circumstances.
The investigations conducted by the Provincial Command of Venice included direct feedback, collection of documentation, including banking documentation, and reports from individual condominium owners. This evidence suggests that the tax breaks, obtained through the “facade bonus”, were based on documents certifying works that were never carried out or, in some cases, incomplete.
The seizure involved tax credits not yet transferred or offset, for a value of approximately 6.3 million euros, a van worth 28,000 euros, financial resources of approximately 330,000 euros, company shares worth approximately 200,000 euros and six properties, with a total value of approximately 2 million euros, located in the provinces of Venice and Belluno. The seizures were ratified by the Judge for Preliminary Investigations of Venice.
The financiers of the Economic and Financial Police Unit of the Financial Police of Venice have implemented an urgent preventive seizure decree of the total amount of 8,802,525.39 euros, issued by the Public Prosecutor’s Office of Venice. This action aims to ensure the protection of tax credits, money and assets attributable to a provincial construction company, its legal representative and its sales manager, all of whom are being investigated for alleged illicit profits. They are believed to have obtained these profits through the creation, assignment and improper offsetting of tax credits believed to be non-existent, including by issuing invoices with untrue circumstances.
The investigations conducted by the Provincial Command of Venice included direct feedback, collection of documentation, including banking documentation, and reports from individual condominium owners. This evidence suggests that the tax breaks, obtained through the “facade bonus”, were based on documents certifying works that were never carried out or, in some cases, incomplete.
The seizure involved tax credits not yet transferred or offset, for a value of approximately 6.3 million euros, a van worth 28,000 euros, financial resources of approximately 330,000 euros, company shares worth approximately 200,000 euros and six properties, with a total value of approximately 2 million euros, located in the provinces of Venice and Belluno. The seizures were ratified by the Judge for Preliminary Investigations of Venice.
