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Government

Bulgaria cracks down on corruption, targeting luxury car, real estate owners

January 30, 2018

The EU is cracking down on corruption after wealthy elites, such as Kering's Bernard Arnault, were implicated in tax evasion. Image credit: Boucheron

 

By Danny Parisi

As it hosts the rotating presidency of the European Union, Bulgaria, a country notorious for corruption and tax evasion, is beginning to crack down on ill-gotten wealth by investigating the owners of prestigious luxury goods.

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  1. Kering to acquire jewelry manufacturer Raselli Franco Group
  2. Louis Vuitton introduces Visionary Journeys Seoul
  3. Savannah College of Art and Design debuts SCAD LUXE research center
  4. Exclusive Resorts purchases Inspirato for $59M
  5. Ennismore picks Bangkok site for first-in-region SLS Residences
  6. Lamborghini heads to French Alps for women-led driving series
  7. Off the Cuff: Getting to know luxury's top-tier talent in 2025
  8. Brunello Cucinelli casts holiday spell with ‘Cinema Meraviglia’
  9. Follow @LuxuryDaily for the latest in luxury news
  10. Dior builds five-story statement flagship in Beijing
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