Italy tax police search legal firms in Agnelli inheritance probe

Reuters - 27/11
Italian tax police have searched the offices of some legal firms as part of an investigation into alleged tax fraud involving five people, including Stellantis and Ferrari Chair John Elkann, prosecutors said on Tuesday.
MILAN, Nov 26 (Reuters) - Italian tax police have searched the offices of some legal firms as part of an investigation into alleged tax fraud involving five people, including Stellantis (STLAM.MI), opens new tab and Ferrari (RACE.MI), opens new tab Chair John Elkann, prosecutors said on Tuesday.
The investigation, opened earlier this year, alleges Elkann and his siblings Lapo and Ginevra did not pay taxes in Italy on assets they inherited after the death in 2019 of their grandmother Marella Caracciolo, the wife of late Fiat boss Gianni Agnelli.
The case stems from a wider inheritance dispute between the Elkanns and their mother Margherita over the estate of Gianni Agnelli, which has divided one of Italy's best known business dynasties. An Italian judge in September seized money and assets worth almost 75 million euros ($78.77 million) from the five people involved.
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