Tax evasion of one billion for the Campari group, 2 investigated

The Milan prosecutor’s office is investigating the alleged failure to declare approximately one billion euros, on a taxable amount of 5 billion, which the Luxembourg holding company Lagfin, which controls the majority of the Campari group, would have committed. The investigations are being conducted by the economic-financial police unit of the GdF in Milan. Two legal representatives are being investigated.

Lagfin, in relation to the press reports relating to alleged non-compliances, declares “its absolute serenity with respect to any possible dispute, which is only potential, as no notice of assessment was issued and this also due to the total absence of the factual and legal conditions for its possible issuance”.

Lagfin, the note continues, “has always fulfilled its tax obligations with the utmost scrupulousness in all jurisdictions in which it operates and considers any potential objection to be completely unfounded”. “We believe and trust that our incontrovertible reasons will be recognized as soon as possible in all competent venues”.

Campari Group in a note specifies that “neither Davide Campari-Milano NV nor any of its subsidiaries are the subject of investigation by the
Authorities. Consequently, no impact is expected for Davide Campari-Milano NV or for any of its companies”. The Milan prosecutor’s office is investigating the alleged failure to declare approximately one billion euros, on a taxable base of 5 billion, which the Luxembourg holding company Lagfin, which controls the majority of the Campari group, allegedly committed.