D&G bosses accused of tax fraud

Last Updated: Nov 23, 2010, 09:23 AM IST

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

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