Pesaro

Pesaro ship builders accused of tax fraud

'120 mln euros skimmed off shipyard business

Pesaro ship builders accused of tax fraud

Pesaro, November 9 - The owners of a shipyard in the Marche port of Pesaro have been accused of fraudulent bankruptcy and tax fraud amounting to 120 million euros. Police on Friday impounded homes and luxury cars from the Cantiere Navale di Pesaro bosses. Novara-based parent company Fvh allegedly skimmed off "tens of millions of euros" from the shipyard, including 19 million for building six tankers, police said. The managers declared income in Monte Carlo, police said.

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