Italian tax police confiscates €250m from Ligresti family
Following the arrest of FonSai’s former owner and his children, Italian tax police has confiscated their luxury hotels, real estate buildings, bank accounts and insurance policies.
Earlier in July, Italian tax police arrested former Fondiaria-SAI (FonSai) owner Salvatore Ligresti, his three children and two former CEOs of the insurer as part of an ongoing probe into false accounting and market manipulation.
As a preventive action, Italian tax police is currently in the process of confiscating Ligresti family’s goods for a total worth of €251.6m.
According to the Italian tax police’s esteem, the amount corresponds to the profit allegedly obtained by the Ligresti family from its illegal activities.
Salvatore Ligresti, his three children and two former CEOs of the insurer were accused earlier in July of ‘false social communications’ as well as of having deliberately underestimated the firm’s insurance reserves on 2010 balance sheet for a total amount of €600m.