May
2012
Tuesday, April 05, 2011
Imogen Fox, guardian.co.uk
Submitted by: Kevin J. Ziruolo

Dolce and Gabbana £1bn fraud case thrown out

Italian fashion moguls Domenico Dolce and Stefano Gabbana were accused of fraud of around €1bn as part of an inquiry into reports the company had failed to declare €840m in revenues.

The reported allegation was that Dolce & Gabbana created a company in Luxembourg in 2004 and 2005 which was given control of the group's two brands – the main label and its younger line D&G – so avoiding Italian taxes.

Judge Simone Luerti ruled there was not enough evidence to take the Milanese designers to trial, and closed the file on other people who had been under investigation as well.

Posted by Editor on 04/05/11 at 07:43 AM •  (0) Comments

Tags:  fraud, gabbana, dolce,

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