Fraudulent bankruptcy, tax crimes and money laundering: 4 personal precautionary measures carried out and assets worth over 4 million euros seized. Twenty-two suspects in the operation of the Milan Financial Police.
4 people arrested
The authorities of the Guardia di Finanza of the Provincial Command of Milan have carried out an application order of precautionary measures against four individuals, of which two were placed in custody in prison and two under house arrest. Furthermore, a decree was issued preventive seizure of movable and immovable assets worth more than 4 million euros.
Searches also in Pavia
The operation involved twenty personal and local searches in different provincesamong which Milan, Pavia, Pisa, Varese, Treviso, Livorno and Catanzarowith the participation of over 70 financiers and canine units specialized in identifying hidden money.
Borrowers to evade taxes
The investigations, conducted by the Magenta Company on behalf of the Milan Public Prosecutor’s Office, revealed a sophisticated fraudulent system orchestrated by a lawyer from Have fatwith the collaboration of professionals and accomplices, including an individual linked to Cosa Nostrapreviously involved in the operation “Duomo Connection” of the 90s. The system involved several people used as frontmen of companiessome of which operate in the construction-real estate sector, in order to evade tax, evade creditors and launder illicit money.
22 under investigation
The 22 subjects involved are under investigation for crimes such as fraudulent bankruptcy, undue compensation of tax credits for over 2.5 million euros, tax evasion, money laundering, self-laundering and fraudulent transfer of capital.
The guilt of the suspects will be established only with an irrevocable sentence of conviction. At the current state of the preliminary investigations, it is important to reiterate the presumption of innocence of those involved.
Tags: Borrowers evade taxes evade creditors launder illicit money arrests searches Pavia
