Countries

Fraud, Corruption Cost Italian Government $4.4Bln in 2015

Photo: Flickr
Fraud, Corruption Cost Italian Government $4.4Bln in 2015

The Italian government lost nearly $4.4 billion due to fraud and corruption in state administration in 2015, Italy’s finance police said in a report Thursday.

According to the Italian Financial Guard, nearly one third of the contractor agreements for state procurement signed in Italy in 2015 — worth over $1.1 billion — were concluded illegally.

The number of Italian citizens who avoided paying taxes increased from 8,000 in 2014 to 8,485 in 2015, while over 13,000 people have been accused of tax-related crimes and 104 people were arrested, the report read.

The Financial Guard revealed that over 390 million dangerous and counterfeit goods worth an estimated $3.3 billion were confiscated in 2015.

According to the report, assets and real estate worth over $3 billion was confiscated from Italian organized crime gangs by the Financial Guard in 2015.

Source/Sputnik
CF/IC

Click to add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Countries

More in Countries

San Juan Mayor: ‘Disaster-In-Chief’ Trump Was ‘Disrespectful’ to Puerto Rico

December 29, 2017

Flagrant Violation in Trial of Ecuador’s Vice President, Defense Attorney Says

December 29, 2017

MI5 Plotted Assassination of Irish PM in 1985 – Paramilitary Group

December 29, 2017

Venezuela’s Cryptocurrency Set to Avoid Financial Attacks

December 29, 2017

China Offers Tax Break to Keep Investors after US Overhaul

December 29, 2017

Israeli Jets, Tanks Launch Fresh Attacks Against Gaza Strip

December 29, 2017

Cuban Revolution Persists Despite Hostility of U.S. Government

December 29, 2017

Corbyn Accuses Tory Brexiteers Of Wanting To Drive UK Off A Cliff

December 29, 2017

Brazil Elections: Intellectuals, Artists Back Lula Candidacy

December 29, 2017
You Can Advertise Here
"The other side of the news!"
Copyright © 2015 Carib Flame. Follow us on Twitter @caribflame