Italian police say discovered huge 1.7 bn euro corporate fraud
Italy's financial police on Tuesday said they had broken up a ring of companies they believe used false accounting to defraud the state of 1.7 billion euros ($2.2 billion) of tax.
"The illegal activity has led, over the years, to damages to the state... whose total sum exceeds 1.7 billion euros" since 2001, the financial police said in a statement.
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(Agence France-Presse, 21 Tuesday October 2014 The Roman)
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