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ITALY

Italians arrest ex-Swiss banker for ‘tax fraud’

Authorities in Milan said on Monday that they have detained a former Swiss banker for allegedly helping wealthy Italian clients evade taxes and launder large sums of money, including the proceeds of embezzlement.


Italians arrest ex-Swiss banker for 'tax fraud'
Dollfus is based in Lugano, the third largest banking centre in Switzerland after Zurich and Geneva. Photo: Switzerland Tourism

Italian financial police (Guardia di Finanza) from Varese northwest of Milan said that Filippo Dollfus, a former board member of the Cornèr Bank in Lugano in the Swiss canton of Ticino was arrested last week.

Dollfus, aided by a Milan accountant arrested in March 2013, is accused of helping clients in the creation of shell companies based in Switzerland, Luxembourg and the Netherlands.

He also allegedly provided assistance in the creation of offshore companies in tax havens.

Ledgers seized from the accountant identified hundreds of accounts of wealthy Italians who hid “several billion euros” from the taxman over 40 years, the Italian website VareseNews reported online.

The paper reported that Dollfus was arrested in Milan after he crossed the border from Switzerland to attend the communion of his niece.

Citing information from the Italian authorities, the ATS news agency in Switzerland reported that the former Swiss banker operated a company established in Lugano, as well as a branch in Milan.

The company, acting as an intermediary, handled financial operations totalling around 800 million euros, from the initial evidence, according to the financial police, ATS said.

But the Italian police said this amount could be significantly higher, describing a “veritable multinational (financial) recycling” operation.

Dollfus, whose family held a 25.2 percent ownership in the Cornèr Bank at the end of 2014, was a member of the bank’s board of directors from 1996 to 2012, ATS said.

The bank issued a statement in Italian on its website in which it distanced itself from “the arrest of Filippo Dollfus”.

It underlined that Dollfus has not been a member of the bank’s board of directors since March 2012 and that his activities as a trustee had “nothing to do with the bank”.

The bank said the Piotrkowski-Dollfus family is a minority shareholder in the bank and that no family representative, including Filippo Dollfus, has ever played an operating role with the banking group.

Dollfus’s cousin, lawyer Marco Piotrkowski, told the 20 Minuti newspaper he learned of Dollfus’s arrest on Monday morning.

“The fact he was arrested is not good for the image of the bank, but I want to clarify that his fiduciary activities have nothing to do either with the family or Cornèr Bank,” Piotrkowski is quoted as saying.
In any case, until proven otherwise, Dollfus should benefit from the presumption of innocence, he added.

Founded in Lugano in 1952, the Corner Bank Group specializes in private banking, as well as credit cards (Cornèrcard) and online trading.

It operates branches in Chiasso and Locarno (both in the canton of Ticino), Zurich and Geneva, and has affiliates in Luxembourg and Nassau in the Bahamas. 

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ACCIDENT

German tourists among 13 dead in Italy cable car accident

Thirteen people, including German tourists, have been killed after a cable car disconnected and fell near the summit of the Mottarone mountain near Lake Maggiore in northern Italy.

German tourists among 13 dead in Italy cable car accident
The local emergency services published this photograph of the wreckage. Photo: Vigili del Fuoco

The accident was announced by Italy’s national fire and rescue service, Vigili del Fuoco, at 13.50 on Sunday, with the agency saying over Twitter that a helicopter from the nearby town of Varese was on the scene. 

Italy’s National Alpine and Speleological Rescue Corps confirmed that there were 13 victims and two seriously injured people.

Italian daily Corriere della Sera reported that German tourists were among the 13 victims.

According to their report, there were 15 passengers inside the car — which can hold 35 people — at the time a cable snapped, sending it tumbling into the forest below. Two seriously injured children, aged nine and five, were airlifted to hospital in Turin. 

The cable car takes tourists and locals from Stresa, a resort town on Lake Maggiore up to a panoramic peak on the Mottarone mountain, reaching some 1,500m above sea level. 

According to the newspaper, the car had been on its way from the lake to the mountain when the accident happened, with rescue operations complicated by the remote forest location where the car landed. 

The cable car had reopened on April 24th after the end of the second lockdown, and had undergone extensive renovations and refurbishments in 2016, which involved the cable undergoing magnetic particle inspection (MPI) to search for any defects. 

Prime Minister Mario Draghi said on Twitter that he expressed his “condolences to the families of the victims, with special thoughts for the seriously injured children and their families”.

Infrastructure Minister Enrico Giovannini told Italy’s Tg1 a commission of inquiry would be established, according to Corriere della Sera: “Our thoughts go out to those involved. The Ministry has initiated procedures to set up a commission and initiate checks on the controls carried out on the infrastructure.”

“Tomorrow morning I will be in Stresa on Lake Maggiore to meet the prefect and other authorities to decide what to do,” he said.

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