Round of false invoices for 7 million, four entrepreneurs in trouble

TORINO – The Guardia di Finanza of Turin has concluded an investigation that would have revealed a millionaire tax evasion, supported by the use of invoices for non-existent transactions, with the seizure of properties, land and funds on current accounts and the complaint, for tax crimes, of 4 subjects.

The investigations coordinated by the Turin Public Prosecutor’s Office originated from the identification of substantial cash withdrawals by an entrepreneur from the Turin hinterland, carried out following numerous transfers received from three legal representatives of companies, all operating in the component production sector per car.

The investigators thus discovered a proven system of fraud centered on a company that was, in fact, non-existent as it lacked an effective headquarters as well as organizational structures and company resources, whose only “role” was to issue invoices for non-existent operations in favor of three companies active in the same economic sector, with the sole purpose of allowing the latter to evade taxes through the use of false tax documents to unduly benefit from the reduction of revenues and the deduction of the related VAT.

The Fiamme Gialle have discovered that in the face of the fictitious invoices issued by the “paper mill” company, the recipient companies of the same proceeded to make the related payments by bank transfers for the sole purpose of giving a semblance of regularity to the transactions, which in fact never occurred, except then subsequently receive, in cash, the refund of the sums paid.

At the end of the investigations, the use of invoices for objectively non-existent transactions for over 7 million euros was ascertained and 4 people were reported to the local Public Prosecutor’s Office, for various reasons, for the crime of failure to declare, issue and use of invoices for non-existent transactions and concealment of accounting records. The Turin investigating judge issued a preventive seizure decree up to € 1.6 million, equal to the profit generated by the crimes perpetrated, the execution of which made it possible to subject 9 properties to real financial resources for over 250 thousand euros and a land.

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