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The Independent UK
The Independent UK
World
Via AP news wire

Italian police seize $1.5B in assets from Campari's controlling shareholder amid tax fraud probe

Campari Police Luxembourg
Campari-Tax Audit - (Copyright 2018 The Associated Press. All rights reserved.)

Italian tax police said they are seizing assets worth 1.29 billion euros ($1.5 billion) from a Luxembourg-based holding company's shares in spirits maker Campari Group as part of a fraud investigation.

Luxembourg-based Lagfin is the controlling shareholder of Campari, which was founded in 1860 and is one of the largest players in the premium spirits industry.

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