D&G bosses accused of tax fraud

Dolce & Gabbana is accused of not paying over a billion dollars in taxes.

Los Angeles: Executives at Italian fashion house Dolce & Gabbana are facing trial over allegations that the company has failed to pay more than a billion dollars in taxes.

Officials in Italy are investigating the style-firm, set up by Domenico Dolce and Stefano Gabbana in 1985, over accusations of tax evasion amounting to up to $1.4 billion, reports aceshowbiz.com. Prosecutors said executives set up a company in Luxembourg which was given control of the group`s brands to allegedly avoid paying taxes. IANS