Ilva owner Emilio Riva indicted for tax fraud
Riva Group founder accused of falsifying 2007 tax return13 February, 16:57
Emilio Riva was indicted together with two former company managers and a former Deutche Bank manager for tax evasion to the tune of 52 million euros. The four are accused of declaring false losses in 2007 in order to pay less tax in Italy.
Finance police say that year's profits were transferred abroad to countries with more favourable tax regimes. Italy's inland revenue agency subsequently disputed the return and Ilva has since paid out around 65 million euros.