The impounded property included 45 items of real estate, vehicles, cash, shares and stocks, tax police said.
The assets were seized on the orders of a judge in the province of Enna at the request of local prosecutors.
The assets belong to a petrol products wholesaler who is accused of dodging VAT through carousel fraud, purchasing products VAT-free while charging VAT to customers.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
About VDC
Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.