Editorial board
May 18, 2024 11:19 am
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A millionaire ring of false invoices in the real estate renovation sector. This was discovered by the Rimini Financial Police who investigated six entrepreneurs for tax fraud and seized properties between Bologna and Rimini and companies worth six million. It is only the latest in a series of important operations to combat tax evasion carried out by the Fiamme Gialle in Emilia-Romagna.
False invoices for 22 million
In detail, the military ‘sealed’ five companies, several cars, current account balances and five real estate units, one of which was recently renovated, between Bologna and Rimini. The assets under seizure are owned by six people held responsible for a complex tax fraud which occurred through the use of false invoices for over 22 million operated in the building renovation sector and in the paint trade.
23 searches were carried out in different parts of Italy
During the investigation, which saw 23 searches between Emilia-Romagna, Lazio, Marche, Campania and Basilicata, with the use of over 60 soldiers, the Fiamme Gialle of Rimini examined every single accounting and banking document acquired. Thus, a complex fraudulent system aimed at tax evasion was discovered, structured through the use of “shell companies”, penniless frontmen and completely fictitious company contact details for a total turnover of over 26 million.
The fictitious documents created, in addition to tax evasion, were also used to generate fictitious tax credits which were then deducted by the “healthy” companies of the entire fraudulent scheme. The authors of the fraud were reported, for various reasons, for crimes relating to the notation of invoices for non-existent transactions, as well as the undue compensation of tax credits.
