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Italian police investigate soccer clubs over alleged tax evasion
January 26, 2016 / 10:28 AM / 2 years ago

Italian police investigate soccer clubs over alleged tax evasion

NAPLES, Italy (Reuters) - Italian police seized assets on Tuesday from soccer players, their agents and club executives as part of an investigation into alleged tax evasion in the country’s top two divisions.

AC Milan's vice president Adriano Galliani wears his glasses before the Italian Serie A soccer match against Atalanta at the Atleti Azzurri d'Italia stadium in Bergamo, Italy, in this January 27, 2013 file photo. REUTERS/Alessandro Garofalo/Files

Tax police based in the southern city of Naples were seizing cash, stocks and property worth more than 12 million euros ($13 million) from 58 people involved in professional soccer across Italy, Naples prosecutor Vincenzo Piscitelli said in a statement.

The prosecutor’s statement did not name any clubs or individuals involved. In Italy, being placed under investigation does not imply guilt and does not necessarily lead to charges being made.

Judicial sources said those named in the investigation included former Argentina international and Modena coach Hernan Crespo, Napoli chairman Aurelio De Laurentiis, Lazio club president Claudio Lotito, and AC Milan chief executive Adriano Galliani

Napoli President Aurelio De Laurentiis poses during a photocall of his movie "Toto 3D" at the Rome, Italy, Film Festival in this October 29, 2011 file photo. REUTERS/Giampiero Sposito/Files

Napoli and Modena declined to comment. A spokesman for Lazio said he was not aware of any probe. Lawyers for Milan said Galliani had been advised on Tuesday that an investigation had been completed and that they expected the case to be shelved.

The seizures are part of a broader investigation that uncovered a “deep-rooted system intended to evade taxes, put in place by 35 soccer clubs in Serie A and Serie B along with more than 100 other individuals, including players and their agents,” Piscitelli said.

Slideshow (3 Images)

Police allege players’ agents created false invoices for their services to clubs, which in turn took advantage of the chance to pay lower dues on the sums involved.

The system, which allowed the players to avoid declaring “fringe benefits” to the tax authorities, also revealed some Argentine agents used false documentation and companies set up in tax havens to dodge the system, Piscitelli added.

Italian authorities cracked down on tax evasion as the global financial crisis ate away at state coffers, and have pursued high-profile targets including fashion designers and sports stars. ($1 = 0.9228 euros)

Reporting by Amalia de Simone in Naples, Emilio Parodi in Milan and Isla Binnie in Rome, additional reporting by Elvira Pollina; Editing by Angus MacSwan

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