Dolce and Gabba found guilty of Tax Evasion

Standard

Creative Directors of D&G, Domenico Dolce and Stefano Gabbana have been found guilty of tax evasion to the tune of $1.3bn. The verdict was announced this afternoon after hours of consideration by a three-judge panel who decided to uphold last June’s guilty verdict that saw the designers both sentenced to 20-months in prison for allegedly committing tax evasion, Vogue UK reports.

The alleged crime is said to have been a result of the sale of their Dolce & Gabbana and D&G brands to the Luxembourg-based holding company Gado Srl in 2004.

Dolce & Gabbana have always denied the charges and promptly appealed last year’s decision with their legal representative. But the appeal has been denied and both men are now facing prison time

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s