Public prosecutor's office in Milan sequestered more than 64 million euros from Carrefour Italy. A subsidiary of the French mass distribution group is suspected of tax fraud.
The police "executed a preventive sequestration decree for a total amount of more than64 million euros concerning a leading company in the mass distribution sector" The mass distribution brand has 1,500 points of sale on the peninsula through several store chains and achieved a turnover of around 4.4 billion euros in 2022. The investigation concerns the company’s logistics activities, added the group in a press release,Without further details, the company GS Spa would have issued “false documents for aTotal amount greater than 362 million euros”, according to the Ansa agency, which does not name the company. The company is responsible for logistics and owned by CarRefour Italy, and is based in Milan, in the north of Italy. The group indicated “offering maximum support and collaboration to the competent authorities” in this “tax investigation”