Tuesday, July 12, 2011
Agence France-Presse, Raw Story
Submitted by: Kevin J. Ziruolo

Berlusconi firm fined 560 million euros in bribery case

[AFP] A Milan appeals court Saturday ordered Italian Prime Minister Silvio Berlusconi's holding company Fininvest to pay 560 million euros to rival media group CIR in a bribery case, a judge told the ANSA news agency.

[excerpt] In October 2009, a Milan civil court ruled that Compagnie Industriali Riunite (CIR) was entitled to 750 million euros ($1 billion) in compensation from Fininvest which wrested control of the leading Mondadori publishing house from CIR in 1990.

A judge ruled at the time that Berlusconi was "co-responsible" for the bribery of a judge who decided in favour of Fininvest in the takeover battle.

Posted by Editor on 07/12/11 at 12:03 PM •  (0) Comments

Tags:  bribery, italy,

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