Italian authorities seize 245 mln euros from Unicredit
Milan - AFP
Italian authorities seized 245 million euros ($338.5 million) from Unicredit, Italy's largest bank, on suspicion of tax evasion in 2007 and 2008, judicial and Unicredit sources said on Wednesday. According to the sources, executives from Unicredit, including former head Alessandro Profumo, and British bank Barclays are under investigation in an operation dubbed "Brontos". A Unicredit spokesman said the bank was "very surprised" by the funds seizure because it was "certain to have acted correctly." According to the Milan court, Unicredit had used a complex mechanism to enable it to pay less tax in Italy by transforming interests into dividends, which are largely tax deductible in Italy.
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Moscow - TASS
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London - DPA
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Spain - DPA
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Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
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