Ferrari chairman’s assets seized in tax fraud investigation – report

[Pelican Press 0]

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Ferrari chairman’s assets seized in tax ****** investigation – report

Ferrari chairman John Elkann is one of five people whose assets have been seized by an Italian judge, amid an investigation into alleged tax ****** involving the executive’s family.

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reports Mr Elkann – who also chairs automotive conglomerate Stellantis – and two of his siblings have been accused of not paying tax in Italy on almost €75 million ($123 million) worth of assets they inherited in 2019 following the ****** of their grandmother, Marella Caracciolo.

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