toSimona Lorenzetti and Massimiliano Nerozzi
The accounts of John, Lapo and Ginevra Elkann were blocked by a precautionary seizure on their current accounts and securities deposits for €74.8 million: the equivalent of what could not have been paid to the tax authorities between 2015 and 2019. Investigating judge: « A criminal scheme aimed at putting huge real estate and the income related to it under Italian law »
The suspects have “shown” and will demonstrate the “tendency” and “ability to steal” large parts of their assets from the treasury. This is how Turin investigating judge Antonio Porretta describes what happened Three Elkann siblings – John, Lapo and Ginevra – whose current accounts and deposits in securities were blocked with a provisional seizure of 74.8 million euros, equivalent to what could not have been paid to the tax authorities between 2015 and 2019. Same fate for the other two protagonists of the investigation, the accountant Gianluca Ferrero and the Swiss notary Urs Robert von Gronigen: they were named among the “professionals” who would have helped the Elkann family prepare the alleged “charge”.A criminal plan to steal a huge fortune. and income related to Italian inheritance and tax laws.”
Mariella Caracciolo and the fake residence in Switzerland
In nearly a hundred pages of the decree, all the elements were traced that, according to the judges – Deputy Public Prosecutor Marco Gianoglio and the deputies Mario Bendoni and Giulia Marchetti – would prove since 2010 Marella Caracciolo Agnelli’s fake Swiss residenceThe assumption behind the disputed crimes: Tax evasion and fraud against the stateIn particular, according to the indictment, the suspects, with “consistency over time”, had created “a poetic strategy, updated and adjusted from time to time, thanks to the collaboration of professionals” in order to find financial instruments to invest their financial resources in foreign companies. In essence, according to the investigating judge, there would be a “tendency” on the part of the Elkann brothers to evade taxes, given the possibility of exploiting foreign accounts in countries with preferential taxes and trusts with offices in tax havens.
Income hidden from taxes
The decree refers to capital income (around €116.7 million) hidden from the tax authorities, derived from financial assets held by two funds – Providence Settlement and Settlement Due – Based in the BahamasThe judge identifies “the risk of losing assets that could be confiscated at the end of the criminal proceedings” as “caution in Mora” in the alleged “fraudulent conduct” of the suspects. Not only that, the document also notes that the suspects did not declare their assets and income abroad until later. Anti-Money Laundering Inspection in July 2023On that occasion, “Tremaco Treuunternehmen Reg,” a family office based in Eschen, Liechtenstein, appeared: an entity “associated with a fiduciary mandate in the name of John Elkann.”
Heritage
Three months later, in October, the Elkann brothers filed “additional declarations relating to the tax years 2019-2020-2021, from which it emerges, in addition to the availability of assets located abroad (Rw framework), plausibly derived from the inheritance by Marella Caracciolo, the existence of income through CFCs (foreign controlled companies), including Blue Dragons Ag and Dancing Tree Ag”. Ultimately, the investigating judge shares the indictment with the public prosecutor and with him The risk that suspects could take their assets across borders.where it would not be subject to attack in the event of conviction. Hence the seizure operation carried out by the soldiers of the Economic and Financial Police Unit of the Financial Police.
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