TaxCorporate TaxTrial date set for Italy’s most serious tax fraud case

Trial date set for Italy’s most serious tax fraud case

36 due in Rome court on 2 November over huge tax evasion scam

A trail date has been set for what prosecutors have called Italy’s most
serious tax fraud case, with seven former managers and executives of broadband
operators Sparkle and Fastweb among 36 suspects due in court on 2 November.

The fast track trial process will see Silvio Scaglia, founder of Fastweb,
four former managers of the company and two from Telecom Italia unit Sparkle
among those facing charges of tax fraud and money laundering, reports the
Financial
Times
.

The charges related to the alleged creation of paper companies and €2bn
(£1.64bn) worth of invoices for fictitious operations which were used to evade
tax. Assets of €300m have been seized from Sparkle while €38m was taken from
Fastweb.

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