Italy's Guardia di Finanza in Naples, coordinated by the Procura di Nola, has executed a seizure order worth 12.6 million euros against two wholesale stationery companies in the Naples metropolitan area.
The companies, based in Casalnuovo di Napoli and Casavatore, allegedly sold stationery products at unusually low prices through a system of invoices for non-existent transactions dating back to 2021, according to investigators.
The seizure order targets the two companies and their administrators, who face allegations of fraudulent tax declarations through the use of invoices or other documents for non-existent transactions. The case remains under judicial proceedings, and the allegations have not resulted in a final conviction.
Twenty people residing in different parts of Italy are under investigation in connection with the alleged scheme. Investigators say the operation relied on shell companies with no real business structure, formally attributed to unaware figureheads.
Assets seized include a property valued at more than 250,000 euros, 11 vehicles, cash, cheques, luxury watches, and financial holdings. The names of the companies, administrators, and other individuals involved were not disclosed in the report.
