The investigation targets the Luxembourg-based holding company Lagfin, which maintains a controlling stake in Campari. Prosecutors in Monza allege that the firm failed to pay exit taxes on €5.3 billion in capital gains generated during a 2018 merger between Alicros and Lagfin. While Lagfin reached a settlement with Italy’s Revenue Agency last December, agreeing to pay €405 million in installments, Italian law treats civil tax disputes and criminal proceedings as distinct matters.
Italian prosecutors pursue Campari chairman in tax evasion case
Italian prosecutors have formally requested a trial for Luca Garavoglia, chairman of the drinks group Campari, over accusations of evading €1.29 billion in taxes. The case centers on the 2018 relocation of the company’s fiscal residence to Luxembourg, a move authorities describe as a calculated effort to bypass exit levies.
Alongside Garavoglia, prosecutors have requested a trial for Giovanni Berto, Lagfin’s legal representative. Defense attorneys Giuseppe Iannaccone and Nerio Diodà maintain that the proceedings will confirm their clients' innocence, reiterating Lagfin's stance that the company operated in full compliance with all applicable regulations. A judge is expected to schedule a preliminary hearing to determine if the case will proceed to trial or be dismissed. The allegations previously led to the state’s temporary confiscation of shares valued at €1.29 billion from Lagfin.
Comments (0)
No comments yet. Be the first!