Italy seizes $36 million from Kuehne+Nagel and Iperal in labour supply probe
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 02 2025
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Source: Reuters
Tax Fraud Investigation: Italian tax police seized 33 million euros from Kuehne+Nagel International and Iperal Supermercati due to allegations of tax fraud involving false invoices and labor law violations, covering the period from 2020 to 2024.
Response and Implications: Both companies are cooperating with authorities; this investigation is part of a broader scrutiny of over a dozen logistics firms in Italy, which has led to significant financial seizures and the regularization of thousands of workers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
