Italy

Italian online betting firm based in Malta accused of failing to declare € 4 billion

cde.news desk 9 August 2019, 06:20 · 1 min read

A car of the Italian Financial Police in front of the Milan prison where Calisto Tanzi, founder and former head of insolvent food group Parmalat, is held for questioning late Saturday 27 December 2003. Tanzi was detained by police earlier Saturday in Italy's financial capital Milan on the order of prosecutors investigating for fraud, judicial sources said. They said Tanzi, who stepped down as Parmalat CEO earlier this month before the global group that he created 42 years ago revealed a multi-billion-euro hole in its accounts, was in the custody of finance police on the order of investigating magistrates. EPA/STEFANO GUATELLI

The Guardia di Finanza of Reggio Calabria have conducted an audit of a Maltese online betting firm that operates in Italy which allegedly showed it failed to declare around four billion euros in revenue on the 2015 and 2016 tax years.

As a result, the firm allegedly evaded around 124 million euros in taxes.

The action by the Guardia di Finanza is a result of “Operazione Galassia” that had started way back in 2018 in the gambling sector and that established links with the ‘Ndrangheta, a Mafia-type organized crime group based in Calabria, Italy.

Via La Repubblica/ AGIPRO/ANSA

Filed under Italy Malta

Topics 'Ndrangheta Guardia Di Finanza Italy Malta online betting Operazione Galassia

Italian online betting firm based in Malta accused of failing to declare € 4 billion

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