In mid-September 2025, the Guardia di Finanza in Trieste wrapped up an investigation into a company headquartered in Palermo that was working as a subcontractor for a Trieste shipbuilding operator. The operation resulted in the seizure of assets and financial resources worth around 500,000 euros, considered to be the proceeds of bankruptcy and tax-related offences. The case, coordinated by the Public Prosecutor’s Office in Palermo, involved a company belonging to a group with an annual turnover of more than six million euros, already placed under court-ordered liquidation due to insolvency.
According to investigators, the sole director systematically depleted the company’s assets to the detriment of creditors, including the tax authorities and employees brought in from other regions on assignment. Checks revealed that for several years the accounts had been falsified to conceal the state of insolvency and to enable further misappropriation of resources. The funds siphoned off were allegedly transferred to personal or family bank accounts and spent on purposes unrelated to the business, such as travel, jewellery, luxury watches and stays in resorts.
This conduct led to liabilities exceeding eight million euros, which triggered court-ordered liquidation. The entrepreneur has been reported for fraudulent bankruptcy and for fraudulently evading tax payments. Investigators have not disclosed the name of the company or the individual under investigation.
