ROME, March 14 (Xinhua) -- Italian tax police on Thursday seized 46 million euros (59 million U.S. dollars) of assets belonging to famous luxury company Bulgari in a tax-evasion probe, local media said.
The Italian company was reportedly suspected of having concealed some 3 billion euros (3.8 billion U.S. dollars) of revenues since 2006.
Tax police said the evasion was carrying out through companies based in the Netherlands and Ireland, created for the sole purpose of escaping taxation in Italy.
Among the seized assets there were several properties including one in Rome's renowned shopping street Via dei Condotti.
Paolo and Nicola Bulgari, the grandchildren of founder Sotirio Bulgari who are stakeholders in the company, along with the group's legal representatives Maurizio Valentini and Francesco Trapani, were put under investigation in relation to the allegations, according to media reports.
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