Tax fraud worth 37 million discovered, 41 investigated throughout Italy

The Guardia di Finanza and the Reggio Emilia police have uncovered a tax fraud involving the use of false invoices totaling €37 million. Seizures totaling approximately €12 million have been made against 41 individuals under investigation and 37 companies based across Italy, with searches underway in Reggio Emilia, Parma, Modena, Trento, Verona, Turin, Monza, Milan, Brescia, Como, Bergamo, Cremona, Mantua, Livorno, Benevento, and Naples.

This is the outcome of the second tranche of the investigation called 'Titano' coordinated by the Public Prosecutor's Office of Reggio Emilia, under the direction of the chief prosecutor Calogero Gaetano Paci who requested and obtained preventive search and seizure orders from the investigating judge Luca Ramponi of the Reggio Emilia court.

Last June, in the same operation, 6 million euros were seized and 80 searches were carried out against 50 suspects, aimed at dismantling an alleged entire organization dedicated to the creation of shell companies, attributable to individuals resident in the province of Reggio Emilia and already involved in the investigation called "Billions", who had issued, in the period 2018-2022, invoices for non-existent transactions for approximately 62 million euros in favor of third-party companies.

The companies involved (some of which have ceased operations) operate in diversified economic sectors, such as construction, wholesale packaging, clothing, software and computer trade. Some companies in the Milan area were also involved.

Furthermore, during a house search in Gualtieri, in the Bassa Reggiana, a greenhouse with 70 marijuana plants in cultivation was found. The owner was arrested in flagrante delicto on charges of possession for the purpose of dealing in narcotics.