Friday, October 26, 2012
Former Italian PM Berlusconi Guilty of Tax Evasion
Now this should be a lesson to all of us, that political leaders are not above the law.
An Italian court on Friday convicted former Prime Minister Silvio Berlusconi and sentenced him to four years in jail for tax fraud in connection with the purchase of broadcasting rights by his Mediaset television company.Now the question is, Will Silvio enjoy a new form of Bunga-Bunga as much as the old style?
Mr. Berlusconi has the right to appeal the ruling two more times before the sentence becomes definitive and will not be jailed unless the final appeal is upheld. Prosecutors had asked for a jail sentence of three years and eight months.
The court also ordered damages provisionally set at $12.96 million, to be paid by Mr. Berlusconi and his co-defendants to the tax authorities.
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