A colossal financial crash deliberately constructed to “save” assets from the hands of creditors and the tax authorities. This is the accusation made by the Vibo Valentia Prosecutor’s Office, led by the Prosecutor Camillo Falvo, against two local entrepreneurs. The soldiers of the Economic-Financial Police Unit of the Guardia di Finanza have executed a preventive seizure decree which froze assets and financial resources for a total value of over 3.7 million euros.
According to the investigations, the suspects would have implemented a systematic strategy of plundering their company, which was now close to bankruptcy. Through operations without economic justification, the entire real estate assets would have been transferred to a “NewCo”, a newly established company created ad hoc and attributable to the same subjects. An accounting sleight of hand aimed at emptying the old company of its assets, leaving creditors with a handful of flies.
In addition to the bankruptcy, the accusation is enriched by serious tax violations: the suspects are accused of failing to return their taxes for 2022 and hiding the accounting records, in an attempt to make it even more difficult for the investigators to reconstruct the turnover.