A doc revealed throughout Guardia di Finanza raids might rewrite the inheritance path that gave John Elkann management of Exor. It’s a handwritten will from Gianni Agnelli dated January 20, 1998 — lacking for 27 years — and located throughout searches in 2024 in Elkann’s residences and places of work. The desire was filed in court docket by lawyer Dario Trevisan, representing Margherita Agnelli de Pahlen, in her civil go well with towards John, Lapo, and Ginevra Elkann over her father’s property.
Contesting the 25% stake in Dicembre
Margherita’s legal professionals, Trevisan and Valeria Proli, argue that the 1998 will exhibits the 25% stake in holding firm Dicembre was by no means meant to go totally to John Elkann. In keeping with their interpretation, most of that share ought to have been allotted to Edoardo (who died in 2000) and, in his absence, to his heirs — Marella Caracciolo and Margherita herself. The doc was recovered from the places of work of lawyer Franzo Grande Stevens through the Turin investigation and added to the civil file between Margherita and the Elkanns.
Within the will, Agnelli stipulated, “to switch earlier tendencies,” that his stake in Dicembre — “roughly 25 %” — ought to go to his son Edoardo. He added, “I’m assured that my different family members, already house owners of comparable shares, will settle for this with out contest.” Trevisan claims this can was by no means revoked or altered, arguing it was hid and ignored for many years, and that it contradicts what grew to become John Elkann’s inheritance.
Authorized drama and tax investigations
This outdated testomony emerged throughout investigations into Ferrari chairman John Elkann and accountant Gianluca Ferrero, accused of fabricating a false Swiss residence for Marella Caracciolo to exclude Margherita from inheritance and dodge Italian taxes. Authorities uncovered hidden property in trusts and offshore entities value over €1 billion. Elkann paid €183 million to the Italian tax authority and has requested a probation association. A decide will rule on whether or not to proceed the legal case on October 27; in the meantime, prosecutors have authorized continuation after the fee.
The seized paperwork at the moment are a part of the civil litigation, through which Margherita is requesting that her mom’s Swiss residency be invalidated, the desire favoring the Elkann grandchildren annulled, and a 2004 settlement with Marella rescinded. At stake is the management of Dicembre — at the moment held 60% by John Elkann and 20% every by Lapo and Ginevra — which ensures dominance over Exor and the Agnelli empire. Trevisan additionally raises doubts about whether or not Marella knew of the 1998 will, and suggests she may need been misled when making donations and transfers to John. He contends that the “hidden will” constitutes a robust cause for a radical revision of Dicembre’s possession construction and an ethical argument that Gianni Agnelli’s final needs have been betrayed.
In response, John, Lapo, and Ginevra’s attorneys assert that the alleged will — submitted solely as a photocopy by Margherita within the civil case — doesn’t have an effect on the Agnelli or Caracciolo estates or Dicembre’s governance. They declare Edoardo was already deceased when Agnelli died, so shares naturally handed to Marella and Margherita. They discuss with the 2004 settlement as definitive, excluding Margherita from Dicembre’s capital, and argue any exterior declare after 20+ years is legally extinguished. In keeping with them, Their transfer seems extra geared toward stirring media confusion than presenting rigorous authorized arguments.
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