Berlusconi Convicted of Tax Fraud
October 26th, 2012Via: Reuters:
An Italian court on Friday sentenced former prime minister Silvio Berlusconi to four years in jail for tax fraud in connection with the purchase of broadcasting rights by his Mediaset television company.
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 10 million euros ($12.96 million) to be paid by Berlusconi and his co-defendants to tax authorities.
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