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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