Overview

• John, Lapo and Ginevra Elkann agreed to pay €183 million to settle an inheritance tax probe tied to their grandmother Marella Caracciolo, with the terms awaiting a judge’s ratification.
• John Elkann requested probation that includes a year of community service, and his lawyer says the deal does not involve any admission of responsibility.
• If the court grants probation, proceedings would be suspended and the charges could be extinguished upon successful completion of the term.
• Italian authorities had alleged roughly €249 million in undeclared assets and previously seized nearly €75 million from the Elkann siblings and others.
• Margherita Agnelli’s legal team plans to cite the Italian payment to support claims about Caracciolo’s Italian residency in separate litigation over control of Dicembre and family assets.