Italian authorities confiscate $1.5 billion in assets from Campari's main shareholder amid tax fraud investigation.

Asset Seizure: Italian tax police are seizing assets worth 1.29 billion euros ($1.5 billion) from a Luxembourg-based holding company as part of a fraud investigation.

Company Involved: The holding company, Lagfin, is the controlling shareholder of Campari Group, a major player in the premium spirits industry.

Campari's History: Campari Group was founded in 1860 and has grown to be one of the largest companies in its sector.

Investigation Context: The asset seizure is linked to ongoing investigations into fraudulent activities associated with the holding company.