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Tolla says that the previous seizure and this latest confiscation are part of the same case, adding that the investigation started “a few months ago” when police became aware of “irregularities” relating to Cirillo’s helicopter, sparking a broader investigation. The latest seizure is “preventative” rather than conclusive and the items may be returned depending on the final verdict in any court case, he says.īorn in Treviso, Cirillo relocated to Russia via Kuwait in the 1990s, where he struck up relationships with powerful businessmen including the Jordanian-Russian entrepreneur Ziyad Manasir. Cirillo’s private helicopter was also seized. Officers confiscated a dozen “highly valuable” paintings after it transpired that they had not been registered with the authorities as required by Italian law. Officials raided the 63-year-old Italian architect’s own villa in Roncadelle near Brescia in February, where they discovered and confiscated a treasure trove of works by artists including Pablo Picasso, Paul Cézanne, Wassily Kandinsky, Giorgio de Chirico and Lucio Fontana.Īround 100 agents from the Guardia di Finanza searched the villa, that is owned by Cirillo’s wife, as part of an ongoing investigation into alleged money laundering and tax evasion from 2013-19, Giornale di Brescia reported. Lojacono could not be reached for further comment.Įarlier this year, we reported that Cirillo is being investigated by the Italian authorities for allegedly failing to pay a €50m tax bill. Marco Tolla of the Guardia di Finanza would not confirm the report but tells The Art Newspaper: “According to usual practice, if the court issues a guilty verdict that is deemed to be conclusive, the works of art will be confiscated by the state and ultimately entrusted to Italian museums.”Ĭirillo’s lawyer, Stefano Lojacono, says in a statement: 'The architect, who is in Moscow, is very disappointed the fact that he bought some prestigious properties and works of art in Italy-and provided for his wife and daughter-are now being used to argue that he faked his move abroad.' He adds that Cirillo was not guilty of any wrongdoing regarding Italian taxes.

The Italian newspaper Il Corriere della Sera reports that around 150 works were seized by artists such as Modigliani and Picasso. Sources confirmed to Reuters that the individual is Cirillo. Cirillo is under investigation for tax crimes.Īccording to the Reuters news agency, the assets-art, cash and jewels reportedly worth around $144m-were taken from a “well known professional” in Brescia, northern Italy by the Guardia di Finanza law enforcement agency. m mansion on the Black Sea that many believe was built for the Russian President Vladimir Putin. In just over two years, Stride Ventures has emerged as the preferred venture debt lender in the Indian Ecosystem.Italian police have seized the assets-including works of art-of Lanfranco Cirillo, the designer of a mysterious 18,000 sq. The fund has a portfolio of over 60+ diversified companies, having deployed more than Rupees 1500 Crore to date. Stride provides comprehensive solutions, going beyond venture debt, to cater to distinctive challenges faced by high-growth and inherently strong businesses, backed by leading institutions.

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Through an hour long immersive conversation, we discuss the nuances of what it means to have a product mindset, how to crack US GTM, how to hire effectively & build an impactful culture and eventually understand the softer aspects of being a founder.Ĭhargebee is India’s leading new age SaaS company and this episode uncovers much of how that has been made possible, and that makes this episode incredibly special.Ībout our sponsor: Stride Ventures, which is one of India’s leading Venture Debt Funds, becoming synonymous with innovative startup financing in India. I sit with Krish and decode this journey of building a global institution from India.

Started in 2011, Chargebee has come a long way, personifying perseverance and ambition in the best possible manner. It is leading the charge of Indian SaaS and building a global giant in the market from India. In this Episode, I ( Singh Sachar) speak with Krish Subramanian, Co-Founder & CEO of Chargebee.Ĭhargebee is a subscription billing and revenue management platform, valued at 3.5 Billion Dollars as of its latest funding round.