Rome, 25 million seizure for bankruptcy fraud: security services company

In short: on 28 October 2026 the Guardia di Finanza announced that officers of the Rome Provincial Command, on the orders of the Public Prosecutor's Office, executed an order from the GIP (preliminary investigations judge) of the Rome Court imposing a precautionary seizure of assets and financial holdings up to about 25 million euros against three people under investigation for bankruptcy fraud. The investigation concerns the judicial liquidation of a company active in security services and private investigation: according to the press release, the insolvency arose from the systematic non-payment of tax debts. For anyone doing business with a company in judicial liquidation, it is a reminder of why debts to the Erario (the Italian State's tax revenue) are a signal to watch early.

What happened?

According to the press release, officers of the Rome Provincial Command executed, on the orders of the Public Prosecutor's Office, an order from the Preliminary Investigations Judge at the Rome Court. The measure orders a precautionary seizure of assets and financial holdings up to about 25 million euros against three people under investigation for asset, documentary and wilful-transaction bankruptcy fraud (bancarotta fraudolenta patrimoniale, documentale e per operazioni dolose).

The seizure was requested by the trustee (curatela) to preserve the residual asset guarantee. The investigations, carried out by the Economic and Financial Police Unit of Rome (Nucleo di Polizia Economico-Finanziaria di Roma), concern the judicial liquidation of a company active in security services and private investigation. The press release does not name the company or the persons under investigation, and we do not reconstruct them.

What mechanism does the investigation describe, according to the allegations?

According to the press release, the analysis of financial flows would show that the directors and liquidators who succeeded one another over time caused the insolvency through a «programmatic, systematic and total» failure to meet tax obligations. They would thereby have accumulated a debt to the Agenzia delle Entrate of about 25 million euros, equal to 99% of the company's total liabilities. They would also have removed the mandatory accounting records to hinder the reconstruction of assets in the procedure.

Element	What the press release states
Company	In judicial liquidation, active in security services and private investigation
Debt to the Agenzia delle Entrate	About 25 million euros, 99% of total liabilities
Alleged conduct	Systematic failure to meet tax obligations; removal of mandatory accounting records
Alleged offences	Asset, documentary and wilful-transaction bankruptcy fraud
Measure	Precautionary seizure of assets and financial holdings up to about 25 million euros, at the request of the trustee

The press release specifies that the inquiries are still ongoing at the preliminary stage and that, pending a final judgment, the presumption of innocence applies to the persons under examination.

Why does it matter to those assessing customers and suppliers?

The press release does not concern the company's commercial relationships and draws no conclusions for customers or suppliers. It does, however, highlight a fact useful to anyone assessing a counterparty: here a tax debt out of scale with the rest of the liabilities (99% according to the press release) lies at the root of the insolvency. These are signals to be assessed together, never proof on their own:

• tax debts to the Erario that are very significant compared with the rest of the company's exposure;
• frequent changes of directors or liquidators;
• the counterparty's difficulty in producing up-to-date accounting documentation.

What to do if you have customers or suppliers with this profile

• Check the negative records of the counterparty: protests and insolvency proceedings, including judicial liquidation, with source and date.
• Review your exposure (credit supplies, advances, deferred payments) if signs of crisis emerge.
• If you are a creditor of a company in judicial liquidation, check with a professional the methods and deadlines for lodging your claim in the liabilities (insinuazione al passivo).
• Document the assessment, especially if you are an obliged entity subject to customer due diligence (adeguata verifica).

The Negative records check (€5.90) verifies protests and insolvency proceedings of a customer or supplier, with source and date. If you also need the ownership structure, the beneficial owner plus negative records (€14.90) puts both in a single check.

Sources

• Guardia di Finanza, «Three persons under investigation for bankruptcy fraud», press release of 28/10/2026, accessed 29/10/2026