E Polis-gate: €9 million tax evasion

epolispalermoIn the wake of the closure of free daily E Polis and the bankruptcy of the publisher, the Public Prosecutor of the Cagliari Court (Sardinia) accuses the owners of the paper of “criminal violations of tax legislation” of €9 million at least.

Also the books of advertising company Publiepolis were investigated. The period under investigation is 2006 to 2010, almost the whole publication period of the paper.

Seven executives, including senior management and directors of the companies in question are under investigation. Assets in the same amount as tax evasion were seized: bank accounts, securities, shares, motor vehicles, land, villas and apartments. (Wall Street Italia)

E Polis was launched in 2004 in Sardinia, and started editions in 17 other cities in Italy from 2006 on – in 2008 and 2009 circulation was around 500,000.

In 2007 the paper changed hand when Alberto Rigotti bought the majority of the shares from founder Nicola Grauso.

In July 2010 publication of the paper was ’suspended’.

One Response to “E Polis-gate: €9 million tax evasion”

  1. Newspaper Innovation » Blog Archive » Italy: readers & circulation Says:

    [...] market. In 2012 free circulation is down to 1.9 million after closures of free dailies City, E Polis and 24minuti and lower circulation for remaining titles Leggo, Metro, DNews and [...]