Reported about 23 hours ago
Italian tax police have seized assets worth €1.29 billion ($1.5 billion) from Lagfin, a Luxembourg-based holding company that controls Campari, as part of a tax fraud investigation linked to allegations of tax evasion. The investigation began following a tax audit related to a merger involving Lagfin and its Italian subsidiary. Lagfin has stated that it has always complied with relevant laws and intends to defend itself vigorously against the claims, asserting that the seizure does not impact its status as Campari's controlling shareholder.
Source: YAHOO