The Guardia di Finanza of Modena has seized assets for a total value of over 650 thousand euros from an entrepreneur from Carpi, investigated for failure to submit a VAT declaration and concealment or destruction of accounting records, in his capacity as director of two companies operating in the sector of the marketing of spare parts for motor vehicles. The precautionary measure was issued following two tax audits carried out by the financial police of the Carpi Company, which revealed the existence of a fraudulent scheme aimed at tax evasion, ignoring any tax obligation. The scheme involved the purchase of spare parts for motor vehicles exempt from VAT, claiming that they were destined for markets outside the European Union; in reality, the products were sold to national companies by issuing invoices indicating VAT, which was collected but not paid to the Treasury. Due to tax evasion, the two companies were therefore able to apply particularly advantageous sales prices. Financial resources and company shares of the suspect in the State of San Marino also emerged: sums in current accounts and company shares for a total value of approximately 100,000 euros were therefore seized, in addition to jewels, watches and other valuables held in a safety deposit box in the State of San Marino.
