Tax Fraud Crackdown in Brescia: Authorities Seize €6.5 Million in Iron Material Investigation

Nine individuals and three companies involved in the ferrous materials sector in Brescia are under investigation for tax fraud, issuing false invoices, and money laundering. Authorities executed searches and a preventive seizure exceeding €6.5 million, believed to be proceeds of illegal activities.

The investigation uncovered the use of 34 shell companies to issue over €76 million in fake invoices during 2024-2025, with an estimated commission of 7-9%. Assets seized include financial documents, €91,000 in cash, electronic devices, a jammer, and a coin-counting machine; three individuals face charges of money laundering. The suspects are presumed innocent pending judicial proceedings.
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