Dolce And Gabbana Heading To Prison?

Dolce And Gabbana, aka Domenico Dolce and Stefano Gabbana, the Italian fashion designers, could potentially be heading to prison.

Dolce And Gabbana, the designers whose creations are regularly worn by the likes of Madonna and Scarlett Johansson, could face a criminal trial after they were investigated for a major tax evasion, reports the New York Times.

The duo are accused of defrauding the Italian revenue agency and failing to pay taxes on more than $1 billion of income. They are expected to be told today (25th March 2011) by a judge in Milan whether prosecutors have gathered enough evidence to warrant a criminal trial. The designers vehemently denied the claims when the investigation first leaked in May 2009 and have since hired a number of extremely high-profile lawyers. The case is gaining an increased amount of publicity because the duo are specifically accused of fraud. Court papers filed by prosecutors allege a “criminal design” to defraud the state. They also allege that the Italian revenue service was “duped” out of taxes on sale of certain brands, which they claim were sold well below market value.

Dolce And Gabbana was set up by the two designers in 1985 and by 2005 their turnover was $750 million.


Leave a comment

Filed under Fashion Editorials

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s