Pierre Castel, one of the richest billionaires in the wine industry and founder of world’s third largest wine producer Castel, is being hit with US$416 million tax bill ordered by a Swiss court, according to a Bloomberg report. Read More
Tax evasion
Castel, France’s biggest wine producer, is accused of “falsifying balance sheet” and “tax fraud” related to its operations in China in two separate investigations in France, after the key person who’s credited for setting up its China operations turned against the French wine giant. Read More