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Charity transparency bill to set ends up to 50,000 euros - General News

2024-01-23T18:57:19.109Z

Highlights: Charity transparency bill to set ends up to 50,000 euros. Influencer Chiara Ferragni was probed for fraud in relation to several alleged charity products she endorsed. Draft outlines obligation to indicate on the products the purpose of the proceeds and the recipient of the charity, the amount or share intended for that purpose. The antitrust authority would be in charge of levying the fines, according to the draft. ALL RIGHTS RESERVED © Copyright ANSA. All rights reserved.


A bill mandating greater transparency in charity initiatives after influencer Chiara Ferragni was probed for fraud in relation to several alleged charity products she endorsed will set fines of up to 50,000 euros, according to a draft to be put to cabinet ... (ANSA)


A bill mandating greater transparency in charity initiatives after influencer Chiara Ferragni wasprobed for fraud in relation to several alleged charity productsshe endorsed will set fines of up to 50,000 euros, according to a draft to be put to cabinet later this week.


   The antitrust authority would be in charge of levying the fines.


   The draft outlines an obligation to indicate on the products the purpose of the proceeds and the recipient of the charity, the amount or share intended for that purpose, and sanctions from 5,000 to 50,000 euros, with the possibility of suspending the activity for one year in the case of repeated violations.


   Premier Giorgia Meloni said Monday the government would frame a new charity transparency law in light of Ferragni's alleged fraud over a supposed charity pandoro Christmas cake, Eastereggs and a girls' doll she endorsed while allegedly pocketingmillions.


   Meloni told a Berlusconi channel that "we are making (a bill) so that in commercial activities with also a charitable purpose, on the packaging of what you sell you have to specify who theresources go to, what they go for, and how much is actually intended for charity".


   She said the Ferragni affair "has shown that there is a hole intermediates of transparency in the regulation of commercial activitiesthat also have a charitable purpose. "Whether wanted or not, one can now run into (the hole)."Ferragni, half of Italy's premier celebrity couple with rapperFedez, denies wrongdoing.


ALL RIGHTS RESERVED © Copyright ANSA

Source: ansa

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