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Italian police seize $1.5B in assets from Campari's controlling shareholder amid tax fraud probe
Yahoo Finance· 2025-11-01 23:43
MILAN (AP) — Italian tax police said they are seizing assets worth 1.29 billion euros ($1.5 billion) from a Luxembourg-based holding company's shares in spirits maker Campari Group as part of a fraud investigation. Luxembourg-based Lagfin is the controlling shareholder of Campari, which was founded in 1860 and is one of the largest players in the premium spirits industry. A judge in Monza, northeast of Milan, approved the seizure order, which police described as precautionary as they look into allegation ...