Italian tax police have conducted searches at several legal firms as part of an investigation into alleged tax fraud involving five individuals. Among those implicated is John Elkann, the Chairman of Stellantis and Ferrari.

Prosecutors have confirmed the ongoing inquiry, which raises significant concerns regarding compliance and regulatory practices within high-profile companies. The investigation highlights the scrutiny faced by prominent figures in the automotive industry, particularly in relation to financial conduct and tax obligations.

Authorities are expected to delve deeper into the operations of the firms involved, as well as the financial dealings of Elkann and the other individuals under investigation. This development underscores the increasing vigilance of Italian tax authorities in tackling financial misconduct, particularly in sectors with substantial economic influence. The outcome of this investigation could have far-reaching implications for the companies and individuals involved, as well as for the broader regulatory landscape in Italy.