110% Superbonus Scam: Over €3 Million Seized from a Como-based Construction Company

Following a complex investigation, carried out under the coordination of the local Public Prosecutor's Office against 12 subjects registered in the register of suspects, the financiers of the Provincial Command of Como they executed a precautionary seizure order, issued by the Preliminary Investigations Judge of the Larian Court, against a Como-based company, up to a total value of over 3 million euros.

The investigations, conducted by the Olgiate Comasco Company, They identified a company operating in the construction sector that had achieved a dramatic increase in its turnover, coinciding with the introduction of the "construction tax bonuses", specifically the "Superbonus 110%".

The company, in particular, had declared that it had carried out a large number of renovations between the provinces of Como and Varese, operating, in favor of clients, invoice discounts financed entirely with public resources. These discounts provided tax credits for the Como-based company, which then cashed in over €8 million at various banks.

The judicial police activities, carried out in order to prove the actual realisation of the declared building works, have allowed to highlight that numerous energy requalification interventions, even though they had been certified by a compliant architect from Lecco, they had, in reality, never been performed or had only been partially performed.

Moreover, the fraudulent mechanism, also implemented thanks to the contribution offered by a Neapolitan accountant, was not limited to the undue accrual of fictitious credits relating to the 110% Superbonus, but also included the use, by the Como-based company, of invoices for non-existent transactions for over 3,3 million eurosThese false invoices, which therefore represented costs not actually incurred, were intended both to reduce the company's declared income and to generate an undue VAT credit for the company's benefit.

The Preliminary Investigation Judge, at the request of the Public Prosecutor's Office of Como, intended to issue a precautionary seizure order for an amount of approximately 3,1 million euros, equal to the value of the profit in relation to the crimes of "aggravated fraud for the purpose of obtaining public funds", "ideological forgery in certificates committed by persons carrying out a public service" and "fraudulent declaration through the use of invoices for non-existent transactions", against the company and the main subjects under investigation.

During the precautionary seizure, real estate assets, including valuable ones, were frozen, including two elegant residential units located in the province of Naples and two villas in the provinces of Como and Lecco, with an estimated value of over €1,5 million, along with financial assets amounting to approximately €250.