By  on July 28, 2010

MILAN — The opulent lifestyles of Walter Burani and his son Giovanni appear to have caught up with them. The former executives of Mariella Burani Fashion Group were arrested Thursday by the Guardia di Finanza of Reggio Emilia, Italy, a police force under the authority of the country’s Minister of Economy and Finance.

This story first appeared in the July 29, 2010 issue of WWD. Subscribe Today.

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