Bulgari and Valentino on list of names for tax probe
Friday 14 January 2011
Prime Minister Silvio Berlusconi is not the only Italian being investigated for tax evasion – fashion designers, bankers and even students are also under scrutiny.
The authorities are poring over a list of nearly 6,000 businesses or individuals, including many household names, who have money stored across the border in the Swiss division of the HSBC bank.
Investigators have said they believe that one-third of the accounts, which total €7bn (£5.9bn), could be being used to evade tax payments in Italy.
Appearing on the Falciani List – named after the HSBC Swiss branch whistleblower Hervé Falciani – are the late filmmaker Sergio Leone; the design stars Valentino and Renato Balestra; jeweller Gianni Bulgari; Elisabetta Gregoraci, wife of former Formula One boss Flavio Briatore; at least one senior banker; and even some Roman aristocrats, including Princess Fabrizia Aragona Pignatelli. It is not expected that evidence will be found against every name on the list.
But the Falciani list illustrates that it is not only the rich and famous who are under scrutiny. Thousands of lesser-known people and anonymous businesses – of the total 5,595 individuals and 133 firms – also figure in what the Italian papers yesterday called "the list of shame".
Italy's financial police said that 51 per cent of those on the list were businessmen, 15 per cent were housewives, 14 per cent professionals, and 11 per cent were company managers.
Intriguingly, 2 per cent of people in the list are said to be students. The extent of the suspected fraud, and the variety of people under investigation, led La Repubblica to describe the list as a "photo of Italy" and to suggest that tax evasion is commonplace in the country.
- 1 'Kidnapped boy may have been abused and murdered by VIP paedophile ring,' say police
- 3 Girl, 7, gets Tesco to remove 'stupid' sign suggesting superheroes are 'for boys'
- 4 This letter from a reader explains why women can’t play football
Black Friday 2014: Opening times for Asda, John Lewis, GAME, PC World and Argos
Miss Honduras Maria Jose Alvarado's stylist Luis Alfredo Garcia is found stabbed to death
Dr Lam Hoe Yeoh: Voyeur doctor jailed for eight years after using network of hidden cameras to film patients, colleagues and friends on the toilet
'You should come to my house and eat cheeses with me': 4-year-old sends adorable love letter to girl at school
Scientists predict green energy revolution after incredible new graphene discoveries
Ukip says babies born to immigrants in the UK should be classed as migrants – which would include Nigel Farage’s own children
Rochester by-election: Ukip gains second MP as Tory defector Mark Reckless holds seat
'Beast of Bolsover' Dennis Skinner takes Ukip MP Mark Reckless to task moments after he is sworn in
The young are the new poor: Sharp increase in number of under-25s living in poverty, while over-65s are better off than ever
Tamir Rice: 12-year-old boy playing with fake gun dies after being shot by Ohio police
Exclusive: UK approved £7m Israeli arms sales in six months before Gaza conflict
£16000 - £40000 per annum: Recruitment Genius: A Field Based Sales Surveyor is...
£6000 - £60000 per annum + Bonus and Benefits: Ampersand Consulting LLP: UI De...
£270 - £300 per annum: Investigo: An exciting opportunity to join an internati...
£25000 - £35000 per annum: Recruitment Genius: This is an exciting opportunity...