Italian tax police have seized assets worth 1.29 billion euros from a Luxembourg-based holding company's shares in Campari Group. This move is part of a fraud investigation. A judge in Monza approved the seizure as police look into tax evasion allegations. The investigation began after a merger where Lagfin absorbed its Italian subsidiary. Lagfin stated the investigation is linked to a tax dispute from two years ago and doesn't involve Campari Group. Lagfin insists it has always followed laws and will defend itself. Campari Group didn't immediately comment. Lagfin holds over 80% of Campari’s voting rights.
