Ferrari chairman’s assets seized in tax fraud investigation – report

by Pelican Press
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Ferrari chairman’s assets seized in tax fraud investigation – report

Ferrari chairman John Elkann is one of five people whose assets have been seized by an Italian judge, amid an investigation into alleged tax fraud involving the executive’s family.

Reuters reports Mr Elkann – who also chairs automotive conglomerate Stellantis – and two of his siblings have been accused of not paying tax in Italy on almost €75 million ($123 million) worth of assets they inherited in 2019 following the death of their grandmother, Marella Caracciolo.



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