MILAN — The Italian tax police continue their aggressive prosecution of fashion industry designers and executives.
In the latest development, former Valentino chairman Matteo Marzotto, his sister Diamante and three others have been indicted for alleged omission of earnings declaration and tax evasion of more than 71 million euros, or $93 million at current exchange. A trial will take place in a Milan courthouse. The timing is yet to be determined, but it could commence either before the end of the year or in early 2014, according to a well-placed legal source.
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