The Genoa Provincial Command of Italy’s Financial Police has concluded “Operation Eukleides,” a complex investigation revealing tax evasion exceeding €1.5 million in direct taxes and VAT. The Genoa Prosecutor’s Office subsequently issued a preventive seizure order for approximately €185,000 against two local construction entrepreneurs.
Investigators from the Chiavari Company unit uncovered the sophisticated fraud scheme through meticulous analysis of financial records. One suspect, owner of a Genoa-based sole proprietorship, allegedly evaded income and value-added taxes from 2021-2023 by failing to declare over €2.5 million in taxable revenue.
The entrepreneur further issued €200,000 in invoices for fictitious transactions to another Genoa construction firm. The recipient company’s legal representative now faces charges of fraudulent declaration through falsified invoices. The coordinated evasion network involved systematic document manipulation across both businesses.