A 92-year-old Milanese man has plea
bargained the return of 15 million euros in dodged taxes from
Switzerland, judicial sources aid Monday.
The unnamed man has thus only received a rap over the
knuckles in the shape of a suspended eight-month sentence, they
said.
The man had been dubbed a "fiscal fugitive" for pretending to
live in Switzerland and the UK for at least five years.
The man was the owner of the Gavazzi deluxe clothing shops in
the 1980s and 1990s.
The plea bargain is the highest ever for a private
individual, sources said.
The man managed to hide the money from tax authorities via a
system of trust funds, they said.
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