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Roman property heiress accused of tax fraud

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Roman property heiress accused of tax fraud


Italian property heiress Angiola Armellini is being investigated for tax evasion on two billion euros worth of assets.

Police claim she is the head of a company set up to conceal capital from the inland revenue through a series of off-shore companies.

She’s also accused of not paying local taxes on 1200 properties in Rome.

This is not the first time that Armellini has been suspected of financial irregularities.

In 1991 she was involved in a case of suspected fiscal fraud and false accounting on over 500 billion lire.

Five years later, in 1996, she was investigated together with her ex-husband for fraudulent bankruptcy to the tune of 200 billion lire.

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