Italian Police Seize €1.3 Billion from Campari Owner in Major Tax Evasion Probe
Italian financial police have seized assets worth €1.3 billion from the owner of Campari, the world-famous spirits brand, over allegations of large-scale tax evasion. Authorities claim the company’s parent group shifted profits to foreign subsidiaries to avoid paying full taxes in Italy, where Campari’s headquarters are located.
According to prosecutors in Milan, the seizure follows a lengthy investigation into alleged financial irregularities involving complex offshore structures. Investigators say the company failed to declare substantial taxable income, causing significant losses to the Italian treasury.
Campari Group, known for producing Aperol, Skyy Vodka, and Grand Marnier, denied any wrongdoing and said it is cooperating with authorities to clarify the matter. The company insists that all its tax activities comply with international regulations and that it will contest the seizure in court.
The case marks one of Italy’s largest corporate tax probes in recent years and underscores growing government efforts to curb offshore tax evasion by multinational firms.
