Italy's top football clubs including Juventus, Inter, AC Milan and Lazio were among the 41 squads raided by finance police today on suspicion of tax-dodging and money laundering.

In total 18 Serie A clubs and 11 Serie B clubs plus 12 from the minor leagues are being investigated in the latest corruption scandal to shake Italian football. Authorities are still investigating a series of high profile betting scams.

Naples magistrates suspect the 41 football clubs have evaded tax payments by listing bogus costs connected to non-existent players' contracts negotiations. La Stampa reported this morning that during the raids police officers seized players' contracts.

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The warrants that magistrates handed to police list conspiracy and money laundering, as well international tax evasion and false invoicing.

The 18 Serie A clubs raided this morning (including some relegated at the end of the last season) are: Parma, Chievo, AC Milan, Inter Milan, Siena, Roma, Fiorentina, Atalanta, Pescara, Genoa, Juventus, Torino, Parma, Lazio, Napoli, Udinese, Sampdoria, Palermo and Catania.

Investigators stressed the investigation was at an early stage. They said, however, that their probe will consider the activities of sports agents Alessandro Moggi (son of the former general director of Juventus Luciano) and Alejandro Mazzoni, both of whom have already been the subject of search warrants in the past few months.