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Italian police say discovered huge USD 2.2 bn corporate fraud

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AFP Rome
Italy's financial police today said they had broken up a ring of companies they believe used false accounting to defraud the state of USD 2.2 billion of tax.

"The illegal activity has led, over the years, to damages to the state... Whose total sum exceeds USD 2.2 billion" since 2001, the financial police said in a statement.
 

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First Published: Oct 21 2014 | 7:30 PM IST

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