By Emilio Parodi
Italian police said on Thursday they had uncovered a tax fraud carried out by 85 suspects involving 1.7 billion euros ($1.9 billion) in false invoices, with the money laundered through a system of so-called Chinese shadow banks.
Guardia di Finanza (GdF) police in Ancona, a port city on Italy’s eastern Adriatic coast, said they seized assets worth 350 million euros, including cash, luxury cars and real estate.
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