The intersection is in turmoil. Prosecutors in Milan, northern Italy, said on Monday they had seized more than 64 million euros from French mass distribution group Carrefour Italy, whose subsidiary is suspected of tax fraud. The police “executed a preventive seizure order totaling more than 64 million euros against a leading company in the mass distribution sector,” the Milan prosecutor’s office said in a press release, mentioning, among other things, VAT fraud.
For its part, Carrefour said it “offers maximum support and cooperation to the competent authorities” in this “tax investigation.” “More specifically, the subject of the investigation relates to the logistics activities of the company,” the group added in a press release, without further details.
“False documents” would be issued
Logistics company GS Spa, owned by Carrefour Italy, is suspected of tax fraud between 2018 and 2022 by invoicing non-existent activities, according to agency Ansa. According to the prosecution, which does not name its names, GS Spa issued “false documents totaling more than 362 million euros.”
Carrefour Italy had a turnover of around 4.4 billion euros in 2022, according to its website, and has 1,500 points of sale across the peninsula through several store chains.
Source: Le Parisien
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